Apr
21
Wall St. Regulators Propose Stricter Pay Rules for Bankers
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From left, the Wall Street chief executives Jamie Dimon of JPMorgan Chase, Lloyd Blankfein of Goldman Sachs and John Stumpf of Wells Fargo.CreditMark Wilson/Getty Images; Andrew Harrer, via Bloomberg News; Alex Wong, via Getty Images
Regulators released long-awaited rules on Thursday morning that aim to restrict how big financial institutions can pay their top executives.
The new limits on banker bonuses would make the highest-paid employees at the biggest banks wait at least four years to receive parts of their annual pay. If the proposals are completed in the coming months, banks would also have to reclaim bonuses from bankers who take risks that lead to big financial losses…
Wall St. Regulators Propose Stricter Pay Rules for Bankers
