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The New York City economy has long thrived on bonuses paid to Wall Street bankers so those perks should continue, said Liz Peek, journalist and wife of Jeff Peek, CEO [...]

London's role as the world's leading financial centre faces a barrage of hostilities from all quarters and needs huge support if it is to survive intact. In the worst case [...]

Bankers today are experiencing extreme outrage from rank-and-file folks who are fed up with what they perceive as dramatic excess in the pay senior executives take home. The hostility is [...]

You may recall, that Sir Callum McCarthy's Gleneagles' speech used historical references to make a point about how incentives drive behaviour and how the wrong incentives can have results that […]

Incentive pay needn't blow up the bank If you pay an officer cash incentives to make loans, will he or she go on a crazed lending spree and make disastrous [...]

The US government has agreed to pay $700bn to shore up the current financial system. European governments are enacting capital investments into their financial systems of similarly huge magnitudes. As [...]

Halifax to provide GBP75 bonus proc fee to Pink Home Loans appointed representatives and directly authorised members. Appointed representatives and directly authorised members of Pink Home Loans will be paid [...]

The thorny issue of bankers' bonuses THE annual bonus round is galling enough when times are good; when times are bad, and the banks are largely to blame, the bile [...]

The lovely Dordogne village of St Pompon that is my holiday hideaway has only 350 voters, but is a perfect predictor of presidential elections. It voted heavily for Jacques Chirac [...]

Community-bank compensation saw small gains in 2007, after bottoming out in 2001 and 2002, but a special premium was placed on the skills needed to manage retail banking, technology and [...]

Barbara Desoer Chief Technology and Operations Officer Bank of America Salary: $800,000 Non-equity incentive compensation: $3,575,000 Total compensation: $4,375,000 Amy Brinkley Global Risk Executive Bank of America Salary: $800,000 Non-equity [...]

As Wall Street banks gush news of record profits and the sweet year-end bonuses they're paying company brass, public finance bonuses are likely to raise with the tide. But even [...]

The holiday bonus for advisers at a number of banks has become a thing of the past, replaced with what some say are more effective ways of motivating workers. 'Cash [...]

Charles Schwab Corp. said it will pay U.S. Trust Corp. chief executive Peter Scaturro more than $12 million in cash and stock if he stays with the unit until its [...]

Sovereign Bancorp Inc. of Philadelphia said late Tuesday that it plans to take a $27 million to $30 million charge this quarter to cover some expenses related to the departure [...]

WASHINGTON -- In the three decades that America's Community Bankers has been publishing its annual bank compensation and benefits survey, one consistent trend has been that executive salaries generally rise [...]

WASHINGTON -- Though its 2005 profit dropped 33%, the Federal Home Loan Bank of Chicago made J. Mikesell Thomas the highest-paid president in the system that year. His $1.3 million [...]

Seasonal complaints about executive compensation, which generally follow disclosure of pay packages in March and April every year, are winding down but will get at least one more airing at [...]

This may be remembered as the spring that shareholders refocused their discontent over executive compensation, directing their ire instead at the boards that approve pay packages. Shareholders at a handful [...]

WASHINGTON -- How much credit union executives profit when a credit union converts to a savings bank was the subject of debate at a House Subcommittee hearing Thursday. Joann M. [...]

The compensation Comerica Inc. gave its top executive last year, excluding long-term incentive compensation and options, rose 27% from the year before. Chairman, chief executive, and president Ralph W. Babb [...]

PNC Financial Services Group Inc. said it gave chairman and chief executive James E. Rohr $21.3 million of compensation last year, more than half of it coming from a three-year [...]

U.S. Bancorp wants shareholders to wait for new compensation disclosure rules expected in 2007 rather than impose restrictions on the company's pay practices, as one shareholder is proposing. Jerry Grundhofer, [...]

Sovereign Bancorp Inc.'s board said chairman Jay Sidhu would be eligible for performance-based compensation equal to the value of 150,000 shares over the next five years. The award was made [...]

Bank of America Corp. chief executive Kenneth D. Lewis' compensation fell 3% last year, to $22 million, according to a securities filing. Mr. Lewis' salary was unchanged at $1.5 million, [...]

Mellon Financial Corp. will take a $19.3 million charge this quarter to pay the severance package of Martin G. McGuinn, its former chief executive. Mr. McGuinn, 63, resigned from the [...]

State Street Corp. chairman and chief executive Ronald E. Logue's compensation more than doubled last year, to $12.4 million. His salary rose 8.7% from 2004, to $1 million, while his [...]

Toronto-Dominion Bank said W. Edmund Clark, its chief executive and president, got a lower bonus last year, in part because of a settlement of Enron Corp.-related litigation. In a proxy [...]

Fore! If Jim Rohr plays at the AT&T Pebble Beach National Pro-Am next year, chances are he will make news, and not just for his game. The PNC Financial Services [...]

Fifth Third Bancorp has disclosed its separation agreement with an executive vice president who abruptly left the Cincinnati company late last month. Neal E. Arnold will receive a $1.3 million [...]

Bank of America Corp. said Wednesday that Brian T. Moynihan, its president of global wealth and investment management, had agreed to cancel his employment contract but will remain with the [...]

Running a bank these days may be more demanding than ever before, but it appears that chief executives are at least being well compensated for their trouble. A survey released [...]

American Express Corp. gave its chairman and chief executive a 2004 bonus of $6 million, 71% more than his 2003 bonus, according to a proxy statement filed Tuesday with the [...]

Wachovia Corp. chief executive G. Kennedy Thompson's compensation rose about 12% last year, to $18.1 million, according to a securities filing Monday. Mr. Thompson was paid the same salary as [...]

On the economically depressed east side of Detroit, Renee Murril manages National City's top-performing branch. Profits for the Jefferson/Coplin banking center she oversees jumped 44 percent last year over 2003. [...]

Though it is hard to nail down exactly what they are paid, it is clear that employees of the 12 Federal Reserve Banks are well compensated relative to other financial [...]

Though it has not returned to 1999 levels, the rate of hiring by banks and other financial service companies has picked up this year. Compensation consultants and executive recruiters say [...]