Citigroup boosted CEO Michael Corbat's pay to $23 million, even as the bank failed to meet the CEO's own profitability goal for a third straight year, and as it reported a full-year net loss of $6.2 billion due to the write-off of tax credits that management had touted as a competitive advantage.
The Goldman Sachs board of directors gave CEO Lloyd Blankfein a 9% pay raise in 2017 to $24 million, even as the firm turned in its worst performance in years.
Bitcoin traded past its $10,000 price point for the first time in more than two weeks. Here are the headlines you need to know Thursday.
The payments include penalties assessed by the U.S. Justice Department over matters related to its Bank Secrecy Act and anti-money-laundering compliance programs.
The bank is expected to 'raise the bar again' at its Feb. 27 investor day, Barclays analysts write.
Three bankers in the Swiss bank's loan-bundling unit got administrative assistants to complete required compliance training courses on their behalf. As punishment, they had to give back a portion of their 2015 bonuses.
The core consumer price index, which excludes volatile items like energy and food, climbs 0.3% in January. Economists surveyed by FactSet had projected a 0.2% rise on average.
Both banks should hold up well if price pressures continue to heat up.
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