In 2020, Bank of America will recruit 50 bankers for the Asia Deal Group

HONG KONG (Reuters) — Bank of America Corp (BAC.N) will recruit about 50 bankers for its investment banking team in Asia this year as it pushes to strengthen its deal-making business and boost unit revenue, three people with direct knowledge of the issue said.

The Asian headcount expansion of Bank of America (BofA) comes against the backdrop of a subdued recruitment outlook for the wider investment banking business as global le....