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Want employees to feel empowered to make decisions to help customers? Rewarding that behavior is one way to reinforce the message. Here’s how one South Dakota community bank goes about it — in a splashy, Super Bowl-sized way.
September 7 -
A regulatory plan to create new restrictions on banks’ executive compensation practices appears dead — but changes since the financial crisis may have made the proposal largely obsolete anyway.
July 21 -
Distribution based on deposit, loan relationships with the credit union in the first half of 2017.
July 20 -
In March 1998, American Banker reported plans by Norwest Corp. to establish sales quotas and step up cross-selling. Three months later, the Minneapolis bank announced a merger with Wells Fargo.
May 18 -
Texas Capital ties bankers’ bonuses to loan performance instead of volume. The strategy has aided recruitment and helped the bank achieve exceptional loan growth while keeping credit quality respectable.
April 3 -
So-called performance-share units are pushing aside stock options as the preferred long-term incentive pay for bank executives. Many investors and regulators fear that options can encourage reckless conduct and have other shortcomings, though options still have supporters.
March 21 -
CU is rewarding members for activity in savings, loans and active products.
March 20 -
Banks like TD and U.S. Bancorp are suddenly taking public shots from current and former employees critical of their sales practices, a sign that the industry has not put behind it the questions raised months ago by the phony-accounts scandal at Wells.
March 17 -
The embattled bank said that the decision to withhold 2016 bonuses for CEO Tim Sloan and seven other executives was not based on any findings of improper behavior.
March 1 -
Minnesota CU has returned more than $2.6 million since rewards program started in 2012.
February 27