Compensation

Will backlash over Scharf remarks hinder Wells Fargo’s diversity push?

09/23/20

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking. But CEO Charlie Scharf’s reference to “a very limited pool of Black talent” for important jobs may make it harder for Wells to meet inclusion goals.

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Pay rising fastest for credit union CEOs, chief lending officers

09/02/20

A report from CUES shows total compensation growing for members of the C-Suite, but institutions on the smaller end of the asset spectrum — representing two-thirds of the total industry — face stark differences in median CEO pay.

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Wells Fargo ties senior executive pay to improving diversity

06/16/20

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.

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Home BancShares' chief takes pay cut

04/24/20

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

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Fed eases bank leverage ratio; Kabbage cuts back

04/02/20

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.

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Can banks help rescue country without undercutting themselves?

04/01/20

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.

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Banks cautioned on bonuses, pay; Powell praised for decisiveness

03/31/20

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.

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

03/26/20

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.”

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Bank CRE losses expected to spike; digital payments boom

03/25/20

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.

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

03/23/20

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.

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