Bonuses and incentives

The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.

The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves.

The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member.

Fintechs want access to customers’ financial data, but banks are resisting, on security concerns; Deutsche Bank may cut bonus pool 20% after 14% drop last year.

Traders and bankers hoping a better-than-expected third quarter would boost their year-end pay are likely to be disappointed.

Bank of America plans to pay its employees special bonuses for a third straight year after reporting record earnings in four of the past five quarters.

During a probe that grew out of the Wells Fargo scandal, BofA has acknowledged instances of "potentially unauthorized" accounts but said that the number of examples was "vanishingly small."

The rate on a 30-year fixed-rate mortgage dropped to 3.6%, a three-year low; Mary C. Erdoes, a top bank executive, allegedly pushed back against compliance department suggestions to jettison the controversial client.

Institutions haven't modernized benefits packages to include deferred compensation, and now the threat of a recession is affecting CEO salaries.

The National Credit Union Administration is aiming to clarify guidelines around incentive compensation, which could help the industry better attract top talent.

Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.

Deutsche Bank employees in the U.S. received the lion's share of bonuses as the lender sought to retain top performers following cuts to the investment bank there.

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.

Mayor Eric Garcetti signed an ordinance Monday that establishes new requirements for banks that want to do business with the city. The rules are thought to be the first of their kind nationally.

An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in December but is not making the results public.

Payouts on Wall Street averaged $184,000, following only 2006’s record high; ethics office eying $500 million of real estate loans made to Trump son-in-law.

The departing New York Fed president said Monday that the banking industry should improve its culture, better aligning pay with long-term stability.

The banks announced bonuses, wage hikes and charitable contributions resulting from the lower corporate tax rate enacted by Congress.

The $50 billion threshold replaced by a formula, but bill must be reconciled with Senate version; Fed, FDIC say the eight big banks still have work to do.

The Trump administration is “sounding a friendlier tone” toward bankers following the Obama chill; credit bureau takes steps to limit the financial damage.