Compensation

CEO of tiny California bank makes twice as much as Jamie Dimon

04/11/19

Chief executives of Wall Street's largest banks were awarded record pay packages last year as profits soared. Nearly 2,500 miles away, the CEO of a little-known online lender, born at the height of the dot-com bubble, quietly outearned them all.

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BofA plans to raise minimum wage to $20 an hour over two years

04/09/19

Bank of America plans to raise its minimum wage to $20 an hour over two years. The baseline will rise to $17 on May 1 and then climb to $20 in 2021, the Charlotte lender said Tuesday in a statement.

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Small banks try new approach to stanch deposit bleeding

04/05/19

Community banks are relying more on analytics, incentives and business partnerships in hopes of stemming an outflow of deposit relationships.

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Citi earns high marks for disclosing disparities in gender pay

04/01/19

Citigroup earned the lone "A" on an investment firm's scorecard that measures companies' commitments to closing the pay gap between men and women. Goldman Sachs was one of four banks to receive an "F."

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Wells Fargo's Sloan eligible for office, driver after he departs

03/29/19

Tim Sloan took a beating as Wells Fargo's boss, but at least he won’t have to fight California freeway traffic or keep his own calendar in retirement.

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FHFA allowed GSEs to circumvent cap on executive salaries: IG

03/27/19

The Federal Housing Finance Agency, by allowing Fannie Mae and Freddie Mac to split the CEO and president positions, let the companies dodge a congressionally mandated salary cap, the regulator's inspector general said.

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Which bank CEOs received the biggest raises in 2018?

03/17/19

Jamie Dimon remains the highest-paid chief executive, but his 5% pay raise was smaller than that of at least five of his counterparts. Here's what CEOs of 13 large and regional banks earned last year, based on recent proxy filings.

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Wells Fargo's Sloan 'should be shown the door': Waters

03/14/19

House Financial Services Committee Chairwoman Maxine Waters said the CEO's 2018 bonus was "outrageous and wholly inappropriate" and called for his removal.

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Wells Fargo boosts CEO Sloan’s pay to $18.4 million for 2018

03/13/19

It was a 5.7% raise from the previous year. His total compensation was the smallest among the CEOs of the six biggest U.S. financial institutions, but his salary was the largest.

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Don’t hold your breath for an executive compensation rule

03/13/19

If there is renewed interest in a proposal to restrict incentive-based plans, that isn’t enough to overcome obstacles that have hindered the rulemaking for so long.

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