News Topic: Compensation

As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists. ... Read full article

Bank of America boosted Chief Executive Officer Brian Moynihan's compensation to $23 million for 2017, a 15 percent increase from a year earlier. ... Read full article

Large banks have begun sharing their adjusted gender pay gap ratios — how much women are paid versus men for similar jobs. The trouble is, they don’t have similar jobs. ... Read full article

Banking is one of the last industries in which all the biggest companies are still run by men. That's not changing anytime soon — thanks, JPMorgan Chase. Kate Quinn plans U.S. Bank's SuperBowl debut and JPM's Marvelle Sullivan Berchtold ... Read full article

Wells Fargo agreed to disclose the gaps between what it pays men and women as well as disparities for minority groups, a spokeswoman said. ... Read full article

Bank of America employees force harassment charges against Omeed Malik out in the open, raising questions about how departures like his are handled. Plus, Jessica Chastain sets an example, and Larry Nassar's group of enablers needs to be made into ... Read full article

Bank of America's got a lot going on, with the Omeed Malik drama and its gender pay gap announcement in the same week. Plus, Jessica Chastain sets an example, and Larry Nassar's enablers need to be made into one. ... Read full article

Bank of America will impose new restrictions on inquiring about a job candidate's salary history, aiming to help close a gap between how much women and minorities are paid compared with other employees. ... Read full article

It was the second-biggest package the 61-year-old billionaire banker has received since he became CEO in 2005, only trailing his $49.9 million of reported compensation for 2007. ... Read full article

The move follows a shareholder proposal filed by Boston-based Arjuna Capital and is the first of its kind by a big U.S. bank. ... Read full article

The elimination of a key deduction that had worked as a cap on CEO salaries, combined with investor pressure to maintain performance incentives, could lead to an upward drift in compensation for top executives of many banks. ... Read full article

Three additional banks announced bonuses, wage hikes and charitable contributions resulting from the lower corporate tax rate enacted by Congress. ... Read full article

Bank of America, PNC join a growing list of banks planning to use the anticipated savings from the reduction in the corporate tax rate to boost wages for employees. ... Read full article

After Wells Fargo and Fifth Third said that the looming tax cut will allow them to raise pay, four smaller banks followed suit. ... Read full article

Wells, Fifth Third, others plan to raise pay after tax reform; Joseph Otting backs a federal banking charter for online lenders. ... Read full article

Fifth Third said it will give a bonus or raise to about three-quarters of its employees while Wells Fargo raised its minimum hourly pay in the wake of Congress' passing a tax reform bill. ... Read full article

A new U.K. rule requiring firms to disclose their pay practices, combined with the increased attention on women's workplace issues in general, is forcing banks and other companies to be more forthcoming about what they are paying female employees. ... Read full article

A measure passed by the city council, which still needs final approval, would require banks that want city contracts to disclose whether they set individual or branch-level sales requirements. It comes in response to the Wells Fargo fake account scandal. ... Read full article