User: newstrust Topic: Business
Category: Finance :: Compensation in Finance
Last updated: Nov 21 2018 15:58 IST RSS 2.0
 
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You’re not getting your money from Equifax because the government never really wanted you to 1.8.2019 The Atlantic - Matthew Ygblesias
Few if any of the 147 million Americans screwed by Equifax in its 2017 data breach will actually see the $125 checks that were touted in a settlement announced on July 22, the Federal Trade Commission (FTC) warned Wednesday. The announcement set off wide ripples of media coverage. Many of those stories frame the matter […]
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How tough is an investment banker's life? 14.7.2019 BBC: Front Page
A week after some Deutsche Bank employees lost their jobs, how much of a raw deal have they had?
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Minimum Wage Would Be $33 If It Had Kept Pace With Wall Street Bonuses 12.5.2019 Truthout.com
While financial sector workers enjoy a bonus bonanza, low-wage workers haven't gotten a raise in nearly a decade.
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House Dems Slam Big Bank CEOs Over Pay Disparity 13.4.2019 Truthout.com
Despite crashing the economy, Wall Street titans still rake in huge paychecks while their employees struggle to get by.

The post House Dems Slam Big Bank CEOs Over Pay Disparity appeared first on Truthout.

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Jamie Dimon made a bundle last year. San Diego banker Gregory Garrabrants earned even more 12.4.2019 LA Times: Business

Chief executives of Wall Street’s largest banks were awarded record pay packages last year as profits soared.

Nearly 2,500 miles away, the CEO of a little-known online lender, born at the height of the dot-com bubble, quietly out-earned them all.

His name is Gregory Garrabrants. As head of Axos...

How Wall Street Drives Gender and Race Pay Gaps 28.3.2019 Truthout.com
The rapid increase in Wall Street bonuses over the past several decades has contributed to gender and racial inequality.

The post How Wall Street Drives Gender and Race Pay Gaps appeared first on Truthout.

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Amazon, Bank of America and Facebook are under pressure to reveal their median gender pay gap 15.2.2019 LA Times: Business

An investor activist said Wednesday it is targeting 11 additional financial and tech firms — including Facebook, Google parent Alphabet, JPMorgan Chase and Bank of America — urging them in new shareholder proposals to disclose an unfiltered and likely unflattering global gender pay gap statistic...

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The Revolving Door and the Assault on Community Reinvestment 21.11.2018 American Prospect
Tom Williams/CQ Roll Call/via AP Images Joseph Otting, Comptroller of the Currency, prepares to testify during a House Financial Services Committee hearing in Rayburn Building in Washington.  The Community Reinvestment Act (CRA) is a piece of 1977 legislation that requires banks to reinvest in their communities. The Republicans have been gunning for it, and now proposed regulations would weaken it in several key respects. At the heart of this story is the federal regulator of national banks, whose title is U.S. Comptroller of the Currency, a man named Joseph Otting. Conflicts of interest and revolving doors in the Trump administration are such a common story that they barely make news, but this one is worth telling. In his previous job, the CRA nearly cost Otting a $24 million payday.  Congress approved the Community Reinvestment Act in 1977 to combat redlining and other forms of discriminatory lending. Senator William Proxmire, then chair of the Senate Banking Committee, authored the measure amidst ...
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The Finance 202: Trump caved to China on ZTE. Now other countries are sensing weakness. 16.5.2018 Washington Post: Politics
The repercussions seem to be rippling beyond the U.S.-China trade spat.
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The Finance 202: Trump's China reversal sparks bipartisan fears of a hasty deal 15.5.2018 Washington Post: Politics
The president is on the defensive.
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The Finance 202: Paul Ryan's scary math legacy 12.4.2018 Washington Post
The Finance 202: Paul Ryan's scary math legacy
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The Finance 202: Trump team's trade talks won't end stock market turmoil 27.3.2018 Washington Post
The Finance 202: Trump team's trade talks won't end stock market turmoil
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Wall Street's average bonus in 2017? Three times what most U.S. households made all year. 26.3.2018 Washington Post
The bigger bonuses reflect a revival on Wall Street as the Trump administration begins rolling back financial industry regulations.
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Eleven "Small" Banks That Would Gain From the Senate Banking Bill Sport Hefty Pay Gaps 20.3.2018 Truthout - All Articles
Last year, Regions Financial CEO O. B. Grayson Hall, Jr. made $12.7 million -- 202 times as much as median employee pay at his bank. Those are some big numbers for a firm that stands to benefit from a recently passed senate bill advertised as regulatory relief for small community banks. The core of the bill is a provision to eliminate most of the risk controls at banks with $50 billion to $250 billion in assets. While not as gargantuan as the likes of JPMorgan Chase or Bank of America, this tier received almost $50 billion in federal bailout money after the 2008 crash, according to  Americans for Financial Reform . In the wake of that disaster, the Dodd-Frank legislation included several executive compensation provisions designed to curb the reckless greed that led to the crash. While several of these provisions have not yet been implemented, one is just now beginning to bear fruit in the form of new data on CEO-worker pay gaps. All large US publicly held corporations are now required to report the ratio ...
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Goldman Sachs reveals gender pay gap 16.3.2018 BBC: Business
The giant investment bank says it is committed to getting more women into senior positions.
Gun Profiteers: Who's Getting Rich Off the US Gun Crisis? 6.3.2018 Truthout - All Articles
The shooting rampage earlier this month at Marjory Stoneman Douglas High School put renewed focus on the firearms manufacturing industry -- which, along with ammunitions production, accounts for an estimated $17 billion in revenue. As the Parkland students and others think through questions of strategy, tactics,and targets, it’s worth reflecting on who holds power in -- and who profits from -- the firearms industry. Goldman Sachs CEO Lloyd Blankfein speaks at the Bloomberg Global Business Forum on September 20, 2017 in New York City. Blankfein is a large investor in gun retailer Bass Pro. (Photo: John Moore / Getty Images) The stories at Truthout equip ordinary people with the facts and resources to create extraordinary change. Support this vital work by making a tax-deductible donation now! The shooting rampage earlier this month at Marjory Stoneman Douglas High School put renewed focus on the firearms manufacturing industry -- which, along with ammunitions production, accounts for an estimated  $17 ...
The Finance 202: Trump tariffs threaten to unleash economic chaos 2.3.2018 Washington Post: Politics
But the ultimate price remains to be seen.
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The Finance 202: Kushner is Exhibit A of why banking deregulation may be tough sell 1.3.2018 Washington Post: Politics
Republicans are pushing for watering down Dodd-Frank.
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The Finance 202: Trump plans to roll out budget and infrastructure plans. Neither may be relevant. 12.2.2018 Washington Post: Politics
The deficit is growing.
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Bank of America is the latest company to ban this dreaded job-interview question 29.1.2018 Washington Post
Bank of America is the latest company to ban this dreaded job-interview question
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