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Three Regulators Propose Ban of Incentive-Based Compensation Arrangements

Three Regulators Propose Ban of Incentive-Based Compensation Arrangements

The regulation aims to ensure leaders of financial institutions do not take on excessive risk
NYCB Receives $1 Billion Lifeline

NYCB Receives $1 Billion Lifeline

The bank’s deal with a group of investors adds four new directors to its board
Jobs Report Outperforms as Goldilox Economy Continues

Jobs Report Outperforms as Goldilox Economy Continues

Job growth was 216,000 and unemployment was at 3.7% while earnings also rose
Wells Fargo and Bank of America In the News for Bonus Announcement

Wells Fargo and Bank of America In the News for Bonus Announcement

Wells Fargo told employees they will receive a cash payment of $1,000 if they made less than $75,000 last year
New Year, New Leaders: Appointments Update

New Year, New Leaders: Appointments Update

CEO appointments for BCB and BayFirst, plus a new credit chief at Western Alliance
Three ways generative AI will empower banking employees — not replace them

Three ways generative AI will empower banking employees — not replace them

Generative AI is a way to add more efficient access to knowledge and data that can help employees
FDIC Establishes Committee to Oversee Workplace Review

FDIC Establishes Committee to Oversee Workplace Review

The special committee will examine allegations of a toxic workplace culture and sexual harassment
Management Changes Continue at Large Banks: Citigroup Latest to Announce

Management Changes Continue at Large Banks: Citigroup Latest to Announce

The CEO of Citigroup Jane Fraser announced that a reorganization is imminent
Appointments: Horizon Seeks New CFO, Reshuffles at US Century and F&M

Appointments: Horizon Seeks New CFO, Reshuffles at US Century and F&M

Plus: New chief credit officer at Civista, and new CEOs at Morgan Stanley, RiverWind, and Provident Savings Bank
October Brings New CEOs at US Banks

October Brings New CEOs at US Banks

First Financial, Ally Financial, Macatawa Bank and Mercantile Bank all announced senior leadership changes this month
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