News Topic: Compensation

Year to date through Dec. 31, 2018. Dollars in thousands. ... Read full article

Trump may nominate Judy Shelton, who prefers “market-determined rates”; a software glitch may have prevented flagging of suspicious transactions for a decade. ... Read full article

The 72% backing was the lowest approval rate for the resolution since 2015. An advisory firm criticized the bank's policy as too subjective. ... Read full article

Silicon Valley, better known for hot tech start-ups and venture capital firms, is also home to the highest-paying public bank in the U.S. ... Read full article

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better. ... Read full article

How Jamie Dimon's salary ties into the broader discussion about pay inequity; how 5G could change the future of banking; Comerica's first new CEO in 17 years; and more from this week's most-read stories. ... Read full article

Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more. ... Read full article

Citigroup Chief Executive Officer Michael Corbat said the widening income gap in the U.S. ranks high on the list of things that keep him up at night. ... Read full article

At a recent House hearing with large-bank CEOs, lawmakers’ focus on the compensation gap between the C-suite and lower-level employees echoed a broader discussion about pay inequity. ... Read full article

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. ... Read full article

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. ... Read full article

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

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." ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article