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New Pay Rules May Hurt Banks, but Protect Public

They'll discourage commercial banks from being investment banks

By John Johnson, Newser Staff

Posted Oct 23, 2009 8:33 AM CDT

(Newser) – Steven Pearlstein isn't exactly wowed by the new salary rules being proposed for Wall Street. "Don't get carried away. By themselves, these measures won't prevent future crises, nor will they likely do much to lower the prevailing pay levels on Wall Street or in... Read full story »

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New Pay Rules May Hurt Banks, but Protect Public

They'll discourage commercial banks from being investment banks

Wall Street • executive compensation • Federal Reserve • banking industry • pay cut • Kenneth Feinberg

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More Newser Stories

AIG Attorney Makes Millions by Quitting Over Pay

Company to award Kelly mammoth severance package

Fed Rolls Out Plan to Limit Bank Pay

It works in tandem with pay czar's new compensation rules

Goldman May Break Charter to Duck Pay Rules

Investors see financial giant shedding year-old bank status

Fed Plans to Oversee Bankers' Pay

Sweeping new rules will let central bank reject risky compensation plans

Bank of America Laying Off Elite Bankers

Cost-cutting to hit Merrill's top earners

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