Compensation
Compensation
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The nation's largest bank plans to consolidate employees from multiple office buildings into the 2.5 million-square-foot building. Construction is expected to be completed in 2024.
February 21 -
The role of volunteers, supporting up-and-comers and more news of elections, new hires, promotions and special recognition.
February 20 -
Average pay among big bank chiefs last year rose 17% to $25.3 million; bank may let go up to 500 bankers and traders in latest restructuring.
February 20 -
Citigroup Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he's received since taking the top job.
February 16 -
Readers weigh in on the possibility of Mick Mulvaney becoming the White House chief of staff, debate whether the industry needs more or less consolidation, chime in on Wells Fargo’s updated mobile app and more.
February 15 -
Very few of the 20 largest banks in the country would answer just a few basic questions about their policies and programs around sexual harassment. But — trust them! — they are committed to equality. Even Maria Contreras-Sweet is kept out of critical meetings, though perhaps this wasn’t a “no girls allowed” situation, like at Point72 Asset Management.
February 15 -
Natasha Lamb, the activist investor who got four large banks to publish adjusted gender pay gaps, explains why companies with gender diversity perform better.
February 15 -
Credit unions celebrate longevity of service with anniversary celebrations and more news related to recruitment and retention of top talent.
February 14 -
A financial health care well-being initiative Allegacy FCU has offered employees for about a decade is being expanded to the entire membership, thanks to a new partnership with a local clinic.
February 13 -
Women who work at Mastercard Inc. earn 99.1 cents for every dollar men make for “equal performance at the same level,” according to a report the company released Monday.
February 13 -
Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent. Some are ditching old training sessions and trying new things like coaching witnesses on how to report demeaning behavior.
February 12 -
As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.
February 12 -
Fallout from the Fed's blow to Wells Fargo; a call for calm in the rush to regulate cryptocurrencies; point-of-sale lending has its day; and more.
February 9 -
Bank of America boosted Chief Executive Officer Brian Moynihan's compensation to $23 million for 2017, a 15 percent increase from a year earlier.
February 9 -
Readers react to the Consumer Financial Protection Bureau pulling back from investigating the Equifax breach, opine on the Federal Reserve's tough enforcement against Wells Fargo, weigh in on gender pay issues and more.
February 8 -
Codorus Valley Bancorp fired Dwight Utz, the head of its bank unit, "without cause" just a few weeks after reporting earnings of $12 million for 2017.
February 8 -
The journey Diane Morais is taking Ally on is all about being more relevant to customers. Doritos offers a lesson on how to do the opposite. CIT's Ellen Alemany says banks are 'terrific' about addressing sexual harassment. But what about the gender pay gap and boardroom balance?
February 8 -
It’s not just hourly workers who struggle to make ends meet — many managers also often find themselves short on cash each month. To help employees cope, the retail chain is using a tool developed by the fintech Even to give them access to their wages before the next pay period.
February 8 -
After facing a landmark sexual harassment lawsuit in the mid-1990s, the banking industry has improved its codes of conduct and training on sexual harassment issues, CIT Chief Executive Ellen Alemany said during a panel discussion Wednesday morning.
February 7 -
A handful of credit unions and a CUSO are building up their real estate lending departments and more HR-related news.
February 6