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The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.
February 3 -
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.
January 30 -
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.
January 24 -
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.
December 16 -
Traders and bankers hoping a better-than-expected third quarter would boost their year-end pay are likely to be disappointed.
November 12 -
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.
October 29 -
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."
September 17 -
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.
August 9 -
Institutions haven't modernized benefits packages to include deferred compensation, and now the threat of a recession is affecting CEO salaries.
August 8 -
The National Credit Union Administration is aiming to clarify guidelines around incentive compensation, which could help the industry better attract top talent.
May 2