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What's Jamie Dimon's salary got to do with income inequality?

Citigroup CEO Michael Corbat, JPMorgan Chase CEO Jamie Dimon
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., right, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. The chief executives of some of the U.S.'s biggest banks should get ready for hostility as they're about to serve as political-theater targets at a House committee hearing, analysts say. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
At a recent House hearing with large-bank CEOs, lawmakers' focus on the compensation gap between the C-suite and lower-level employees echoed a broader discussion about pay inequity.

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BofA, Wells Fargo, BNY Mellon shareholders reject proposals to narrow pay gap

Composite image of signage for Bank of America, Wells Fargo and Bank of New York Mellon.
Bank of America investors on Wednesday voted against pressing the company to disclose more insightful data about disparities between men's and women's compensation. Shareholders at Wells and Bank of New York Mellon recently rejected similar measures.

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LendingClub to stop originating small-business loans

Steve Allocca, president of LendingClub
Steve Allocca Lending Club Executive Portraits
Noah Berger/Noah Berger
Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

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OCC official tied to Wells Fargo scandal lands role overseeing midsize banks

Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency contends that Industry Bancshares is "in troubled condition," citing outsized vulnerabilities to changes in interest rates and the company's reliance on "funding sources that may not be available in the event of further financial stress."
Andrew Harrer/Bloomberg
Bradley Linskens, the former examiner-in-charge at Wells Fargo, faced scrutiny for his conduct as the top examiner of the scandal-plagued bank.

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Robinhood angered banks. Now it wants to be one

Robinhood
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. The Securities Investor Protection Corp. said a new checking account from Robinhood Financial LLC raises red flags and that the deposited funds may not be eligible for protection. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter.

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Think a Comerica sale is off the table? Don't be so sure

Curt Farmer (left) and Ralph Babb of Comerica.
Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.

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Comerica has new CEO for the first time in 17 years

Comerica Bank
Signage is displayed on the exterior of Comerica Inc. Bank headquarters in Dallas, Texas, U.S., on Monday, July 10, 2017. Comerica Inc. is scheduled to release earnings figures on July 18. Photographer: Cooper Neil/Bloomberg
Cooper Neil/Bloomberg
The Dallas company finally made the move that had long been expected: Curtis Farmer succeeds Ralph Babb as chief executive. However, Farmer will still report to Babb, who stays on as executive chairman.

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'Wells Fargo should change today': Shareholders disrupt bank's annual meeting

Wells Fargo branch
A customer exits a Wells Fargo & Co. bank branch in Los Angeles, California, U.S., on Thursday, April 19, 2018. Wells Fargo & Co.'s financial ties to gunmakers and the National Rifle Association have prompted the American Federation of Teachers to remove the bank from its list of recommended mortgage lenders. Photographer: Patrick T. Fallon/Bloomberg
Patrick T. Fallon/Bloomberg
Nearly a dozen shareholders disrupted opening remarks at Wells Fargo's annual meeting in Dallas on Tuesday, pressing executives to answer for a series of scandals that have rocked the bank.

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How 5G could change the future of banking

Attendees check their smartphone devices by a 5G sign during the opening day of the Mobile World Congress in Barcelona on Feb. 26, 2018.
Leaders in bank innovation have ideas for improving financial services with high-speed, highly responsive 5G networks — ideas they say could be implemented relatively quickly.

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Bigger is better, BB&T-SunTrust chiefs assure skeptics

AB-042519-HEARING
The two banks' CEOs used a public hearing to argue their merger will be a boon for underserved markets. But other speakers warned that bank consolidation hurts communities.

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Compensation Equal pay Digital banking Consolidations Jamie Dimon Bank of America Wells Fargo Comerica Bank BB&T SunTrust
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