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Showing 11 - 20 of 132 results for %22Compensation Program%22

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... profits and avoid losses," he said. "Today's resolution - which includes a significant criminal monetary penalty, compensation for victims, and requires J.P. Morgan to disgorge its unlawful gains - reflects the nature and seriousness of the bank's ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... inappropriate advice," CountPlus said. "Remediation amounts will not be known until individual cases have neem reviewed and compensation offers made."

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... to a lower cost MySuper offering in 2017. More than 1266 smartMonday members have received about $2.6 million in compensation after two third-party authorised representatives failed to comply with legislation that required their super accounts to be ...

COVID-19 shines a light on ESG: First Sentier

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
... are being reduced for both employees and executives in many sectors, and we have already seen widespread changes to compensation programs." Turner said where companies have tried to keep executive pay at the same level has not been well received. "Remuneration ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
... expects its headcount to drop to 680 FTEs at end of 2020, compared to 817 FTEs at 2019 end. GAM is also reviewing fixed compensation levels across to group, particularly for those in senior, non-investment roles. "These measures are intended to manage ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... leadership of this Company," he said. "Over the past three years, we've made fundamental changes to our business model, compensation programs, leadership and governance. "While today's announcement is a significant step in bringing this chapter to a ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and Westpac ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... company is appropriate with respect to any of the named individuals," he said. "Wells Fargo will not make any remaining compensation payments that may be owed to these individuals while we review the filings." Scharf accepted the OCC's new charges. "The ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
Westpac's customer compensation bill has added $341 million in the second half of 2019, bringing the remediation total to $958 million for the year. Westpac chief executive Brian Hartzer said: ""A key priority in 2019 has been to deal with outstanding ...

ANZ remediation costs break $1 billion

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
... and commercial products. Another $154 million is associated with the banks advice remediation program and customer compensation charges for wealth products. The bank said that the charges relate to historical and ongoing reviews into its business. ANZ ...