Compensation
Compensation
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Like other businesses, hospitals have been forced to make instant emergency changes because of the coronavirus. But many hospitals are concurrently getting a rush of demand for service with an unclear revenue stream.
April 27 -
Inside Citigroup's headquarters in Manhattan, executives are trying to solve a problem bedeviling much of Wall Street: How to get employees up elevators.
April 26 -
Lenders are set to flood the SBA with new PPP applications; long nights and weekends the new normal; Fifth Third rethinks new-branch designs in light of coronavirus; and more from this week's most-read stories.
April 24 -
Johnny Allison, the Arkansas company's chairman and CEO, agreed to reduce his base salary by 20%.
April 24 -
The popular videoconferencing service has been beset by security issues, and some banks have banned employees from using it. Are they overreacting?
April 23 -
The online lender, reeling from the economic fallout of the coronavirus pandemic, also said it is cutting senior executives' salaries by 25%.
April 21 -
Once it starts reopening offices around the world, it "will continue to prioritize the safety of our employees, customers and communities," Citigroup President Jane Fraser said.
April 21 -
The credit union regulator released its annual diversity report, which showed that more minorities were in senior roles but examiners remained predominantly white and male.
April 21 -
Renee Christoffer will take over leading the institution when Monte Berg, the current president and CEO, steps down at the end of July.
April 21 -
Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.
April 20 -
Despite limiting branch access and embracing social distancing, member-facing employees at some institutions have contracted COVID-19, and those few could be the tip of the iceberg.
April 17 -
"We've proven we can operate with no footprint," said James Gorman, Morgan Stanley's CEO. "Can I see a future where part of every week, certainly part of every month, a lot of our employees will be at home? Absolutely."
April 16 -
Many credit union employees are currently working from home to slow the spread of COVID-19 but this can invite more attacks from cyber criminals.
April 15 -
Reports from the Singapore office, a coronavirus war room and a hardworking IT staff all helped TD Bank Group get nearly all employees ready to work from home and able to handle a tripling of remote deposit capture activity.
April 15 -
Reluctant to cancel what have become pipelines for developing talent, banks are delaying start dates or moving programs entirely online.
April 13 -
A familiar face is taking the reins at the Baytown, Texas-based credit union, following the departure of its former chief executive earlier this year.
April 13 -
The bank will be allowed to exceed the limit to enable it to make more small business loans; the CEOs of HSBC and StanChart are also donating part of their pay to coronavirus victim charities.
April 9 -
The industry is grappling with how to thank member-facing staff while also determining how newly mandated leave laws will impact them.
April 9 -
Jamie York has taken the helm at Neighborhood Mortgage Solutions as CEO Greg Wischmeyer prepares to retire.
April 8 -
The Oregon-based institution is the latest to offer bonus pay for branch staff facing additional risks by coming to work.
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