The more that compensation designs depart from well-grounded pay-for-performance principles, including appropriate metrics and actual financial results, the less effective they are as an incentive...
Receiving Wide Coverage ... Fed's Mixed Message: The Federal Reserve sent a "garbled message" about the fate of its QE3 program on Wednesday. First, Chairman... Read More
The latest monthly reports from credit card issuers provide more evidence that loss rates will stay abnormally low longer than thought just a few months ago.
The move comes six months after Visa named an ex-Chase executive as its CEO and three months after the bank and card network revealed plans to team up on a new payments platform.
Believe GE CEO Jeffrey Immelt when he says banks are unlikely to try to buy his consumer finance unit. Few banks could afford the huge business, and regulators would never allow them to buy it, market watchers say.
Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether two companies that have run out of room to grow separately can prosper together.
U.S. credit card customers have become so diligent in making their payments that some are beginning to wonder whether the industry has entered a prolonged era of low chargeoffs and low delinquencies.
Wells Fargo CEO John Stumpf said that he believes the government-sponsored enterprises need to be retained in some form because the guarantee they provide is important to investors.
Now that shareholders have agreed to let Jamie Dimon keep both his jobs at JPMorgan Chase, the chairman and chief executive must resolve several pressing issues. Among them: succession, board composition and mounting regulatory scrutiny.
Technology has dramatically changed the way people bank, but many banks areresponding by closing and opening branches rather than arming themselves with data that could make existing branches more efficient.
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The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough action by banking regulators.
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