Bank CEO pay falls; Supreme Court rules on de-banking
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Plummeting bonuses led to decline in bank CEO pay last year: Total direct compensation for the CEOs of large and midsize banks declined by 6.6% in 2023, and annual bonus payouts tumbled by 30%. The decreases came as banks grappled with the fallout from last spring's banking crisis.
Sign up here to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.
Supreme Court, siding with the NRA, wades into the de-banking debate: The National Rifle Association bagged a key victory in a case against a former top New York state official. The high court's ruling could make it harder for regulators to discourage financial institutions from doing business with specific industries.
Read more: California digital bank reaches $1 billion deposit mark in six months
Where's the stolen card? Generative AI can find it, says Mastercard. The technology is adept at working with partial account numbers and other shreds of data to alert banks of ongoing and potential crime, the network contends. (Complimentary access)
Join us to learn about the Bank of the Future at our Digital Banking Conference, June 24-25 in Boca Raton, Florida.
CFPB finalizes new registry to track 'Corporate Repeat Offenders:' The Consumer Financial Protection Bureau Monday completed its rule establishing a nationwide database for a wide swath of financial companies — including payments companies, debt collectors, auto lenders — that have faced regulatory or legal penalties for consumer-related infractions.
Read more: Is the latest crypto bill an opening for banks to bypass regulation?
Bank stocks among those that plunged 99% due to NYSE glitch: Trading halts caused by an error affected 40 stocks Monday morning, including BMO Bank and Banco Santander-Chile.