Compensation
Compensation
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JPMorgan Chase’s Thasunda Duckett is living her ancestors’ wildest dreams; Morgan Stanley could take a lesson from Citi on reining in rainmakers; and Jelena McWilliams faces tough choices at the FDIC. Plus, babysitting gets approved as a new type of campaign expense.
May 14 -
Democratic Senator Kamala Harris on Thursday upped the pressure on the U.S. central bank to make its leadership more diverse, introducing legislation to compel the Federal Reserve's 12 regional banks to interview at least one woman and one minority candidate when they search for a new chief.
May 10 -
A former GE executive told the 2018 CO-OP THINK Conference too many institutions are harmed by stifling creativity – and the problem is getting worse.
May 10 -
The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company's “bro” culture hinders their advancement.
May 10 -
From falling originations to market share shifts for nonbanks and government loans, here's a look at key findings from the just-released 2017 Home Mortgage Disclosure Act data.
May 9 -
The German banking giant isn’t targeting a specific level of cuts in the U.S. and the final figure will depend on each business line’s decisions, a source said. The U.S. makes up about one-tenth of its global workforce.
May 9 -
Thasunda Brown Duckett discussed her journey to becoming CEO of consumer banking at JPMorgan Chase, a career path that, she noted, wasn't available to African-American executives only a generation ago.
May 9 -
New York Attorney General Eric Schneiderman said he will step down as the state's highest law enforcement official, hours after a report in which four women accused him of physical violence.
May 7 -
The Pittsburgh bank opted to give more than half of its employees $2,000 pay hikes instead of the bonuses handed out by many rivals.
May 7 -
More than 1 million jobs will be lost to AI by 2030, according to one estimate. But new jobs are also being created. Are banks and their employees ready?
May 7