Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory ...

Citigroup, Inc. C axed payouts of 250 top executives' bonuses under a program in 2024 that tied their payout to a turnaround effort to boost shareholder returns and fix regulatory compliance ...

In the third annual installment, the “Transformation Bonus Program” paid out 68% of the target for 2024 to about 250 senior employees, according to a proxy filing Tuesday. That compares with 94% for ...

The payouts were designed to tie top managers’ compensation to Citigroup’s progress on improving risk and controls. The program was intended to link pay with the execution of remediation plans, ...

NEW YORK] Citigroup cut payouts to hundreds of top executives in the final round of a three-year special bonus program that ...

Citi’s profits rose 37 per cent last year to $12.7bn. But the bank’s return on tangible common equity, a key measure of ...

Citigroup (C) reduced bonus payments to about 250 senior employees last year, delivering only 68% of the expected amount in ...

Big US banks wanted Michelle Bowman to be their new overseer at the Federal Reserve — and that's what they got.

Wells Fargo & Company’s WFC 2021 consent order related to related to loss mitigation practices in its Home Lending business ...

Wells Fargo said that a 2021 OCC consent order over its loss mitigation posture has been terminated, calling the move a validation.

A top U.S. banking regulator terminated a 2021 consent order against Wells Fargo for deficiencies in its home lending loss ...