Compensation

Citigroup takes steps to close gender, racial pay gaps

01/15/18

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.

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Pay for bank execs may rise as a result of tax reform

01/09/18

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.

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Trio of regional banks latest to hike pay after tax reform

01/02/18

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

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More banks spreading the wealth after Trump signs tax bill

12/22/17

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.

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More banks join bandwagon to raise pay after tax savings

12/21/17

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

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Banks plan to raise salaries; Comptroller boosts fintech firms

12/21/17

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

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Banks offer raises, bonuses after Congress passes tax reform bill

12/20/17

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.

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Pressure mounts on banks to address gender pay gap

12/19/17

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.

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L.A warns banks: Don’t set sales goals if you want city's business

12/14/17

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.

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Farmer Mac fires CEO for violating company policies

12/07/17

Farmer Mac has terminated President and CEO Timothy Buzby for violating company policies not related to its financial and business performance.

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