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The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.
May 30 -
Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.
May 29 -
A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.
May 29 -
The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.
May 28 -
The 72% backing was the lowest approval rate for the resolution since 2015. An advisory firm criticized the bank's policy as too subjective.
May 21 -
Draft legislation to make annual testimony mandatory for the chiefs of the largest banks was added to the agenda of a House Financial Services Committee hearing set for Thursday.
May 15 -
A rapidly changing workforce and the proliferation of public and shareholder activists have fundamentally reshaped the job of running a bank.
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Bank critics and some lawmakers quickly seized on a tone-deaf posting by JPMorgan Chase that was designed to tout the virtues of saving money.
April 29 -
How Jamie Dimon's salary ties into the broader discussion about pay inequity; how 5G could change the future of banking; Comerica's first new CEO in 17 years; and more from this week's most-read stories.
April 26 -
At a recent House hearing with large-bank CEOs, lawmakers’ focus on the compensation gap between the C-suite and lower-level employees echoed a broader discussion about pay inequity.
April 21