Regulators May Force Wall Street To Defer Half Of Executives' Bonuses, Wall Street Journal Reports
(Reuters) - U.S. regulators will propose that major financial firms defer at least half of bonuses paid to top executives for at least three years...
(Reuters) - U.S. regulators will propose that major financial firms defer at least half of bonuses paid to top executives for at least three years...
Posted 05.25.2011
CHARLOTTE, North Carolina (By Joe Rauch) - Senior investment banking executives at Bank of America Corp will likely see as much as 80 percent of thei...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two year...
bloomberg.com | David Mildenberg | Posted 05.25.2011
Feb. 3 (Bloomberg) -- Bank of America Corp., the nation's largest lender, will pay investment-banking employees bonuses of about $4.4 billion for last...
AP | IEVA M. AUGSTUMS | Posted 05.25.2011
CHARLOTTE, N.C. — Bank of America's new CEO, Brian Moynihan, will make a salary of $950,000 a year, a person familiar with his pay package said ...
Adam Taylor | Posted 05.25.2011
The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.
Reuters | Posted 05.25.2011
NEW YORK (Reuters) - A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp (BAC.N) over executive bonu...
New York Post | MARK DeCAMBRE | Posted 05.25.2011
Bailed-out Bank of America has been doling out millions in bonuses in an effort to lure talent and keep investment bankers who management views as vit...
Wall Street Journal | ELLEN E. SCHULTZ | Posted 05.25.2011
Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life-insurance policies on h...
ABC News | RICHARD ESPOSITO | Posted 05.25.2011
The battle for bonus figures in the New York State investigation into the merger of Merrill Lynch and Bank of America got even uglier today, with the ...
ABC | RICHARD ESPOSITO and JOANNA JENNINGS | Posted 05.25.2011
In just one day, the president of Bank of America, Ken Lewis, managed to defy both President Barack Obama and New York Attorney General Andrew Cuomo. ...
Reuters | Ben Klayman and Will Dunham | Posted 05.25.2011