Banking Regulators Say Banks Encouraged “Imprudent Risks” With Flawed Pay...
Regulators Tell Bankers That Pay Should Be “Risk Adjusted” June 21, 2010 – The nation’s top banking regulators today moved to curb flawed incentive compensation plans that encouraged banking employees...
View ArticleBig Bank CEOs Take Home Massive Paychecks As Savers and Shareholders Get Crushed
Right or wrong, most consumers have an overwhelmingly negative opinion about big banks. According to a survey by Research and Markets, 86% of social media comments about U.S. and European banks are...
View ArticleBank of America Executives Win, Shareholders Lose – It’s Not Supposed To Work...
Most shareholders understand that an investment in a public company entails risk – that’s what capitalism is all about. Well managed companies with great products generally wind up enriching...
View ArticleRidiculous Divergence Between Bank CEO Pay And Shareholder Returns
The wide divergence between bank CEO compensation and shareholder returns is an embarrassment to the capitalist notion of linkage between performance and pay. Shareholders of banking stocks have seen...
View ArticleBarclays Libor Scandal Expands – Why British Taxpayers Will Pay In The End
The Barclays Libor scandal continues to escalate after revelations that senior officials at the Bank of England pressured Barclays to artificially lower the Libor rate. Documents released by Barclays...
View ArticleCitigroup’s CEO Walks Off With A Quarter $Billion – Shareholders Down 89%
After being ousted by a proactive board of directors on Tuesday, Citigroup’s former chief executive Vikram Pandit is unlikely to suffer a decline in his standard of living. As CEO of Citigroup, a $1.9...
View ArticleBank of America Has Built a “Fortress Balance Sheet”
A short number of years ago, no one in his right mind would have associated the term “fortress balance sheet” with Bank of America. During the financial crisis, Bank of America was forced to accept a...
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