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Receiving Wide Coverage ... Wall Street's Pay Crackdown: Regulators have put forth a proposal to revamp how bankers are paid, a long awaited response following the 2008 financial crisis. Caught firmly in the crosshairs of the newly proposed rules are bonuses. The highest-paid employees at banks would need to wait at least four years to receive portions of their annual pay, and individuals who make risky choices that lead to losses could be forced to returnÂ...

Receiving Wide Coverage ... GoldmanÂ's Revenue Tumble: It was a tough first quarter for Goldman Sachs, as the companyÂ's net income dropped 56% to $1.2 billion on major declines in investment banking and its bond-trading unit. Perhaps the bankÂ's only solace may be knowing that itÂ's not alone. JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo reported total revenues of $98 billion for the quarter. ThatÂ's 9% lower than last year,Â...

Receiving Wide Coverage ... Earnings Update: Morgan Stanley also had a difficult first quarter, but like its competitors the downturn was less substantial than expected. Net income for the quarter was $1.3 billion, down from $2.39 billion in last year's first three months. Again, like other banks, Morgan StanleyÂ's woes trace back to a dip in profits from its debt-trading business. Investment banking revenue also fell. Citigroup, which reported its earnings on Friday, looks much differentÂ...

Wells Fargo plans to offer parental leave for the first time, and working moms in financial services report higher salaries but less family time than their peers in other industries. Newton Investment Management's Helena Morrissey spearheads a United Nations climate change initiative targeting women on boards and RBC's Linda Mantia experiments with using the blockchain to improve the customer experience. Also, Amy Domini, Ranjana Clark and Phyllis Borzi.

Breaking News This Morning ... B of A Earnings Fall: Bank of America profits fell 13% in the first quarter on a decline in trading revenue and low interest rates. It reported income this morning of $2.68 billion, or 21 cents per share, beating analystsÂ' estimates by one cent. That was down from the $3.1 billion, or 25 cents a share, income it brought in the same quarter last year. New York Times Â...