Wells Fargo & Co on Wednesday ended its forced arbitration policy for employee sexual harassment claims, opening the lender to potential lawsuits in the future.
Wells Fargo & Co Chief Executive Charles Scharf on Tuesday announced his first major reshuffle since taking over in October, naming several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.
Bank of America Corp kept Chief Executive Officer Brian Moynihan's 2019 compensation flat at $26.5 million, according a filing on Friday.
Wells Fargo & Co has hired Michael Cleary from Santander Holdings USA Inc to lead sales practices oversight and management, according to an internal memo seen by Reuters.
WASHINGTON Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.
NEW YORK Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts told Reuters, most of their staff will be underwhelmed by their bonuses.
Bank of America Private Bank , formerly U.S. Trust, is doubling down on efforts to court more business from the country's wealthiest individuals, an executive told Reuters.
Citigroup's female employees earn 27% less than male employees on average, when factors like title and location are not taken into account, the Wall Street bank said on Wednesday.