Bank CEOs enjoy 6% to 22% pay hikes while several branches close down across America

Data from the Office of the Comptroller of the Currency (OCC) reveals that dozens of banks submitted notices to close a total of 1,566 branches last year. (Credit: Pixabay/Pexels)

Bank executives witnessed an increase in their compensation in 2023, while ordinary employees faced yet another year of modest bonuses.

This disparity was notably conspicuous at London-based lender Standard Chartered, where CEO Bill Winters experienced a 22 per cent increase in his pay package, as reported by Bloomberg.