The Department of Labor expects to issue a proposed rule on the salary level for the executive, administrative, and professional employee exemptions in January 2019.

As part of its broader effort to address misconduct risk at large, globally active banks, the Basel, Switzerland-based Financial Stability Board today requested public comment on draft recommendations for compensation data reporting.

The Basel, Switzerland-based Financial Stability Board today released supplemental guidance on the use of compensation tools to address misconduct risk -- guidance that it intends for national banking regulators to apply to large, globally active banks.

Bank announcements of post-tax reform employee bonuses, wage hikes and community investments continue to come in.

J.P. Morgan Chase, the nation’s largest bank holding company by assets, today announced a $20 billion set of investments in employees, its branch network and philanthropic commitments. The company joined a wave of banks making similar announcements after the historic tax reform bill was signed in December, and it attributed the news not only to the tax bill but also ...

More announcements of bank actions in response to the tax reform bill -- including wage increases, bonuses, community investments and customer experience enhancements -- continue to roll in.

With banks of all sizes continuing to announce post-tax reform initiatives to share savings with customers, employees and communities, ABA is refreshing daily its page at aba.com/EnergizingTheEconomy documenting these efforts.

With banks of all sizes continuing to announce post-tax reform initiatives to share savings with customers, employees and communities, ABA is refreshing daily its page at aba.com/EnergizingTheEconomy documenting these efforts.

With banks continuing to announce post-tax reform initiatives to share savings with customers, employees and communities, ABA is refreshing daily its page at aba.com/EnergizingTheEconomy documenting these efforts.

Following the historic tax reform law’s enactment, banks of all sizes continue to increase frontline employee wages, provide employee bonuses, invest in new technology and make additional charitable contributions.