Corporate governance

If regulators can’t fix bank culture, who can?

03/29/18

Policies to shore up banks’ corporate cultures have remained a low priority even though some regulators want to attack the issue head on. Strengthening a firm’s ethical values may best be left to a bank’s internal brass.

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Larry Summers to step down from LendingClub's board

03/28/18

No reason was given for his exit by the Silicon Valley lender, which named another prominent economist, Susan Athey of Stanford, to its board of directors.

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Who should go at Deutsche Bank: The chairman or CEO?

03/27/18

Deutsche Bank Chairman Paul Achleitner is said to have held talks with possible replacements for CEO John Cryan. The bank's turnaround efforts have been disappointing in many eyes, but there is open debate on whether it's Cryan or Achleitner who deserves most of the blame.

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Citi pays male staffers in U.K. 44% more than females

03/27/18

Morgan Stanley also reported a wide disparity in gender pay, reflecting the greater proportion of men in top executive posts.

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Former Mastercard chief joins Equifax board

03/21/18

Robert Selander was named an independent director of the embattled credit bureau, which is still trying to regain public confidence after a huge data breach last year.

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New wage-gap data increases pressure on banks to justify CEO pay

03/21/18

Some banks pay their leaders 200 to 300 times more than branch employees, according to recently filed corporate disclosures. The findings raise a host of questions about fairness, whether outsize pay promotes “too big to manage,” and how investors will use this new information in fights with management.

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Wells Fargo's Sloan received a 35% pay bump in 2017

03/14/18

CEO Tim Sloan was paid $17.4 million, though he was denied a cash bonus, as the San Francisco bank continued to contend with scandal fallout.

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Warren introduces bill to end ‘too big to jail’

03/14/18

Sen. Elizabeth Warren, D-Mass., introduced a bill to create a permanent law enforcement unit to investigate criminal activity at large banks, just as the Senate was close to passing a regulatory relief package.

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Small N.C. bank says hostile bid has cost it employees and clients

03/09/18

KS Bancorp disclosed in a legal filing that an takeover effort by First Citizens is spooking lenders and prompting prospects to delay and cancel plans to move deposits and lending relationships.

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Better representation in corporate boards, less diversity in central banking

03/08/18

After some modest success pushing companies to add women to board, State Street is raising the bar; a few key departures have left the ranks of the world’s central bankers even more male-dominated.

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