Compensation

Paying bankers more is cost of Canadian lenders' U.S. expansion

11/04/19

Bank of Montreal's push into the U.S. has proved fruitful for its employees — and challenging for a company seeking to get its expenses under control.

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U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits

11/04/19

Year to date through Jun. 30, 2019. Dollars in thousands.

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Mnuchin open to easing liquidity rules; BofA employees rewarded

10/30/19

Treasury Secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.

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Gender pay gap is 'a challenge we need to tackle together'

09/25/19

Citigroup has set measurable goals for increasing representation of women and U.S. minorities in senior, higher-paying roles and CEO Michael Corbat is urging other financial firms to follow suit.

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FinCEN unit targets money laundering; OCC warns on asset-depletion mortgages

08/29/19

New unit will work with foreign governments; standards too soft on those without conventional paychecks.

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Citi raises minimum wage after prod from Maxine Waters

08/28/19

Citigroup quietly boosted its minimum wage to $15 an hour in June, joining competitors in awarding raises to rank-and-file staff.

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U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits

08/12/19

Year to date through Mar. 31, 2019. Dollars in thousands.

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BofA considering subscription model for Merrill Edge

07/16/19

The offering would mirror a similar move by Charles Schwab to offering clients a new pricing plan for its robo service.

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Bank CEOs wanted after wave of departures in Europe

07/05/19

Executive searches are hard enough, but a shortage of qualified candidates with strong resumes will make filling those jobs that much more challenging.

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Another reason for bank CEOs to dislike CECL: Smaller pay raises

06/28/19

The new accounting standard for loan losses combined with an expected rule change around incentive-based compensation could hit bank chiefs in the wallet, according to a new report.

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