Compensation
Compensation
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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 Toronto firm, Canada’s fifth-largest lender by assets, must keep “a careful eye on costs” and improve efficiency, its CEO said in a corporate memo.
January 31 -
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 Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.
January 29 -
JPMorgan Chase plans to dismiss several hundred workers from its consumer unit as the lender seeks to rein in costs, according to people briefed on the matter.
January 29 -
All three executives began as tellers and have been with the institution for a dozen years or more.
January 29 -
The country’s banks plan to raise overdraft rates to 40%, which has regulator watching; starting this year pay increases won’t be retroactive to Jan. 1.
January 29 -
The regulators plan to drop the 3% limit on bank investments in venture capital funds; Visa invests in another fintech startup.
January 28 -
Until the gender gap of the technology, banking and payment industries change, innovation will continue to be impacted, says Itemize's Samantha Fisher.
January 28 -
The Georgia bank's operating costs rose in the fourth quarter, but executives sought to assure shareholders that investments will produce revenue growth in the long run.
January 24