With the banking sector reeling from one of the toughest business environments on record, some bankers are going a bit further to show they are willing to take some blows.A number of chief executives have suspended 2008 bonuses for themselves and their management teams against a backdrop of industrywide layoffs, but Bill Cooper, the chairman and CEO of TCF Financial Corp., also plans to forgo his salary.

Mr. Cooper made the announcement last week, when his Wayzata, Minn., company reported that its full-year earnings fell 50%, to $129 million. He did not say how long he would go without compensation, and calls to him this week were not returned.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.