High flow brominated polycarbonates, useful as flame retardant additives for other polymers such as polyesters, are obtained by equilibration of a brominated aromatic polycarbonate such as a tetrabromobisphenol A homo- or copolycarbonate with a di- or polyhydroxy aromatic compound such as bisphenol A, or a diaryl carbonate, and an equilibration catalyst, under conditions such that the weight average molecular weight of the brominated polycarbonate is reduced by at least 35%. Preferred equilibration catalysts are Group I metal carboxylates, such as sodium stearate, and hexaalkylguanidinium salts.