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Bank Pay

The Most Overpaid CEOs In North America Are...

The Huffington Post | Mark Gongloff | Posted 05.30.2013 | Business

Lloyd Blankfein is North America's best-paid bank CEO -- and also one of its most overpaid, according to a new report. The bearded Goldman Sachs ch...

Bankers Are A Bit More Like You And Me

The Huffington Post | Bonnie Kavoussi | Posted 03.25.2013 | Business

Being a banker just isn't quite as good as it used to be. The gap between what bank employees make and what other private-sector workers earn is ge...

Bank Pay UP Despite Cutback Efforts

Reuters | Posted 05.10.2013 | Business

* Total 2012 compensation up 10 bln euro across 35 banks * Two thirds of banks had higher per-person compensation * EU p...

Bad Bonus News For Staffers At This Major Bank

Reuters | Posted 03.15.2013 | Business

* Bonus pool seen falling another 20 percent in 2013 * Credit Suisse in cost-cutting drive ZURICH, Jan 14 (Reuters) - Cr...

Those Banks Can't Lose Money All By Themselves

The Huffington Post | Mark Gongloff | Posted 12.03.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

JPMorgan Chase CEO: Newspaper Pay 'Just Damned Outrageous'

The Huffington Post | Bonnie Kavoussi | Posted 02.29.2012 | Business

The chief executive of the biggest bank in the United States says journalists are ridiculously overpaid. At the company's annual investor day, JPM...

BofA Investment Bankers Told To Brace For Huge Pay Cut

Posted 01.24.2012 | Business

First it was the layoff announcements. Now it's time for pay cuts. A new type of structural adjustment continues to plague one of America's most i...

JPMorgan Chief Gets $19 Million Raise

Posted 06.08.2011 | Business

NEW YORK (By By Clare Baldwin and Jonathan Stempel) After piloting the No. 2 U.S. bank through the financial crisis relatively unscathed, JPMo...

Wells Fargo CEO Pulls In $17.56 Million

AP | Posted 05.25.2011 | Business

NEW YORK — John Stumpf, the CEO of Wells Fargo & Co., received compensation valued at $17.56 million in 2010, a 6 percent decrease from 2009, accord...

Wall Street's Average Bonus Falls, But Still Sky-High

Posted 05.25.2011 | Business

NEW YORK -- Wall Street paid an average cash bonus of $128,530 in 2010, down 9 percent from the previous year, as financial reforms prompted a shi...

Barclays CEO: Time For Banks To Apologize Is Over

AP | ROBERT BARR | Posted 05.25.2011 | Business

LONDON — The time for apologies from banks is over, the chief executive of Barclays said Tuesday as he defended the large bonuses earned by some in ...

Regulators Want To Take Back Billions From Failed Bank Execs

Posted 05.25.2011 | Business

WASHINGTON: U.S. banking regulators have authorized lawsuits against 109 bank officials so far as they seek to recover at least $2.5 billion in losses...

Bank Pay Should Be More Transparent, Basel Group Says

Bloomberg | Jim Brunsden | Posted 05.25.2011 | Business

Bankers' pay should be more transparent to investors to prevent lenders from hiding policies that encourage irresponsible risk taking, global regulato...

Goldman Sachs May Change Its Pay Practices To Deter Risky Bets

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Goldman Sachs Group Inc. will tie the bonuses of top executives more closely to the company's financial performance. The investmen...

Wall Street Reform Bill Gives Regulators Power Over Pay -- Will They Use It?

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

That largely overlooked provision of the law gives federal agencies expanded powers to write regulations dictating pay at financial firms. How they ch...

Wall Street Bonuses Expected To Rise This Year

abcnews.go.com | Jonathan Spicer | Posted 05.25.2011 | Business

Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recessio...

Bank Bonuses Still Out Of Control

New York Times | Posted 05.25.2011 | Business

Federal regulators reviewing the compensation policies of major banks are finding that the industry has not adequately adjusted its pay practices to r...

Pay Czar: Kenneth Feinberg You're worth less than you think

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Kenneth Feinberg, the Obama administration's pay czar, The Hill leads with one highly intriguing anecdote. A Wall Street execut...

Wall Street Bonuses Up 17%, Pay Hits 'Unprecedented' Level, Says NY State Comptroller Thomas DiNapoli

Posted 05.25.2011 | Business

ALBANY, N.Y. (By Michael Gormley, Associated Press) - Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed o...

Barney Frank: SEC Should Make Banks Disclose Pay of Top Employees, Frank Says

bloomberg.com | Jesse Westbrook | Posted 05.25.2011 | Business

Feb. 2 (Bloomberg) -- U.S. Representative Barney Frank said regulators should force companies to disclose compensation for their best-paid employees, ...

Wall Street Pay: Banks Devise Ways To Skirt Compensation Cuts

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Don't shed a tear for seemingly cash-strapped Wall Street workers this year. This year's bonus season may, in fact, be surprisingly rewarding. Banks h...

Bank Pay: Worst Performing Firms Pay Out Biggest

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

A handful of big banks that are struggling in the postbailout world are, by some measures, the industry's most magnanimous employers. Roughly 90 cents...

Barclay Bonuses To Be Deferred For Top Execs

AP | Posted 05.25.2011 | Business

LONDON — Barclays is planning to defer bonuses for its highest-paid executives in hopes of quashing public outrage regarding pay for bankers, Br...

Morgan Stanley

nytimes.com | GRAHAM BOWLEY | Posted 05.25.2011 | Business

Despite the first annual loss in its 74-year history, Morgan Stanley earmarked 62 cents of every dollar of revenue for compensation, an astonishing fi...

'Daily Show' On Wall St. Bonuses: 'Banks Are Made Of Balsa Wood Held Together By Baby Tears' (VIDEO)

Posted 05.25.2011 | Business

Outrage at Wall Street bonuses hasn't escaped the folks at 'The Daily Show'. Jon Stewart took on the ballooning compensation in the financial sector o...