Bank of America is reacting to reports of junior bankers being pressured to falsely report their work hours, raising serious concerns about the bank's corporate culture.
An earlier investigation revealed that many junior bankers at Bank of America were instructed to misrepresent their hours, leading to worries about their mental and physical health.
Current rules limit junior employees to 100-hour workweeks, but many reported working longer and being told to only report the allowable hours, revealing a culture of exploitation.
Despite the high entry-level salaries and the potential for significant bonuses, the intense pressure to underreport hours raises questions about the sacrifices young bankers make.
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