Skip to main content

Newsroom

March 14, 2013

Banks Bow to New York on Clawbacks

Three more top banks, including Citigroup Inc., will broaden their clawback policies to cover more executives, increase disclosures or add potential triggers.

The moves increase to six the number of leading financial companies that have bowed to pressure from the New York City’s Comptroller’s Office.

Comptroller John C. Liu also appears to have broken new ground, with Capital One Financial Corp. agreeing to make public the total dollar amount of pay it claws back.”

***

Read full Wall Street Journal article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today