BUSINESS
04/20/2009 05:12 am ET Updated May 25, 2011

Wall Street CEOs Push Back On Bonus Tax: "Terribly Unfair"

The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses.

Citigroup Inc. CEO Vikram Pandit and Bank of America Corp.'s Kenneth Lewis both issued memos to employees criticizing a tax that would make it hard to retain workers. And J.P. Morgan Chase & Co. CEO Jamie Dimon reassured his 200 top executives in a conference call that the bank is actively engaging Washington on the matter.

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