Citi cuts CEO Corbat’s pay 6.1% to $15.5M
Michael Corbat is getting a pay cut for a year when Citigroup’s profit fell 14% and return on assets failed to meet his 2016 target. American Banker: Feed
Tag Archives: Cuts
OnDeck’s mounting losses prompt cuts, questions about credit model
After recording a $ 35.9 million quarterly loss, the online small-business lender said that it plans to reduce its annual expenses by $ 20 million, cut 11% of its staff and more than double its loan-loss provision from a year earlier. American Banker: Feed
Treasury Significantly Cuts Stake in Broadway Financial in Calif.
The Treasury Department has significantly reduced its stake in Broadway Financial in Los Angeles. American Banker
Mortgages, Cards and Cost Cuts Lead Fifth Third Chief’s Agenda
Greg Carmichael, who has been on the job nearly a year as Fifth Third’s CEO, has started putting his stamp on the company by aggressively trimming branches in favor of mobile, seeking to build up its consumer credit business and retooling the balance sheet. American Banker