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Streetwise gives you news and analysis on Bay Street and the world of finance
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Who makes what: Big Six compensation scorecard Add to ...

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The chief executive officers of Canada’s Big Six banks were paid a collective $55-million in 2015. Are they worth it?

There was a time when this oligopoly of banks could coast on steady economic activity, strong loan growth, fat interest margins and little outside competition.

Now, the banks face a new era, forcing CEOs to adapt. They are cutting costs to meet slowing revenue growth, shifting resources from traditional branch banking to mobile banking, hiring tech-savvy executives to meet the threat from tech-savvy competitors – all while keeping an eye on rising loan losses tied to the struggling energy sector.

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