Corporate governance

Banks urged to follow Goldman’s lead on fossil fuel


Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.


Fed's ownership rule could open door to more activist investors


Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.


Three executive defections, one angry investor at New York bank


Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.


L.A. bank, big investor clash over approaches to serving underbanked


Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.


Amex names ex-Comerica executive to its board


The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.


Jamie Dimon gets $31.5M for JPMorgan's strong year


JPMorgan Chase gave its chairman and CEO a 1.6% hike in total compensation in 2019 after a second consecutive year of record profits.


Citi slightly improves raw pay gap numbers


In the year since it voluntarily disclosed its own data, Citigroup has shown an improvement in its median pay for female and minority employees, the firm said Wednesday.


What's pushing U.S. banks deeper into ESG


Stateside banks are starting to play catch-up to banks worldwide that are incorporating environmental, social and governance factors into their underwriting. Pressure from big shareholders is a driving force.


11 bankers and disruptors to watch in 2020


Can Charlie Scharf fix what ails Wells Fargo? How will Kelly King and Bill Rogers manage the integration of the biggest bank merger since the early 2000s? And will New Jersey Gov. Phil Murphy be able to beat back opposition from the banking industry and make good on his promise to create a state-owned bank? Here are 11 leaders to keep an eye on in 2020.


Wells Fargo's Scharf sows unease while considering change


Intense scrutiny from poker-faced CEO Charlie Scharf is prompting executives at the bank to ponder their units’ strategies — as well as what’s in store for their own careers.