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Chief Executive Officer Georges Elhedery was aiming for $1.5 billion in annual cost savings, but HSBC is forecasting hundreds of millions in extra real estate costs as it considers asking more of its employees to work from an office.
June 23
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Under the bank's current system, individual managers have the freedom to set their own in-office staffing rules based on their business requirements.
June 18
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Opposition is growing to the Trump administration's efforts to roll back fair lending requirements for lenders imposed by Biden-era prosecutors.
June 16
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Bank of Nova Scotia's plans will start in September, as the Canadian bank cites a push for more collaboration.
June 9
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Richard Fairbank will receive the restricted stock units in recognition of his work related to the integration of Discover into Capital One, the company disclosed.
June 5
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The 5-year-old experiment of tying executive compensation to achieving diversity goals appears to be ending. The abrupt shift comes amid the Trump administration's crackdown on DEI.
June 4
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The CEOs of smaller regional banks received fatter bonuses last year than their big-bank counterparts, possibly thanks to low performance expectations at the smaller banks after the 2023 banking crisis.
June 2
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The question of when the CEO would retire and who might succeed him has hung over JPMorganChase for years.
June 2
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Three current and former employees of the New York City-based bank allege that executives made racist comments, misused corporate money and retaliated against protected complaints.
May 29
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The leaders that saw their salaries skyrocket the most in 2024 had also gotten pay cuts in the prior year.
May 28
