Wells Fargo ties senior executive pay to improving diversity


Wells Fargo Chief Executive Officer Charlie Scharf, who vowed last month to do more to improve diversity within the firm's ranks, is tying executives' pay to their progress in doing so.


Home BancShares' chief takes pay cut


Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%.


Fed eases bank leverage ratio; Kabbage cuts back


The one-year relief is intended to free up lending to consumers and businesses; the online small business lender not making loans, shrinks credit lines, staff.


Can banks help rescue country without undercutting themselves?


In supporting the economic recovery from the coronavirus pandemic, lenders have a chance to restore public trust damaged in the last financial crisis. But they face tough decisions on dividend cuts, executive pay, furloughs and deeper changes to their business model in the process.


Banks cautioned on bonuses, pay; Powell praised for decisiveness


After the financial crisis banks took a PR beating, limiting bonuses could prevent criticism; the Fed moved with authority in the face of the coronavirus.


Businesses hitting credit lines; Coronavirus could put banks in the red


Corporations have tapped more than $124 billion in lines in the past three weeks; rating agency says virus “could wipe out a full year of U.S. banking profits.”


Bank CRE losses expected to spike; digital payments boom


Losses on commercial real estate aren’t expected to be as bad as the 2008 crisis; as more cities announce shutdowns, consumers turn to online payments.


Banks reward front-line employees; Wells asks Fed for asset cap relief


BofA, JPMorgan said they are paying bonuses to branch and call center employees; the bank says removing the $1.9 trillion limit on growth will help it lend to more customers in need.


N.Y., California want more regulation; bank stocks hammered again


The governors want more regulatory power as federal oversight slips; U.S. and European banks dropped sharply Monday as coronavirus-related problems multiply.


Big banks face renewed pressure on gender pay gap


An investment firm that has been pressuring large companies to enhance disclosures said that its efforts at JPMorgan Chase, Wells Fargo, Bank of America and Bank of New York Mellon are gaining ground.