Fifth Third Bancorp Inc. will not seek the return of a $300,000 signing bonus that its chief legal officer, now the Trump administration’s nominee to fill a key financial regulatory post, secured when she joined the bank this year, according to newly disclosed ethics records.
Jelena McWilliams, Fifth Third’s top lawyer since January, said in an ethics pledge that the Ohio-based bank “determined that I would not be required to repay any portion of the signing bonus.” McWilliams made that pledge on Nov. 30, the same day the Trump administration announced its plans to nominate her to lead the Federal Deposit Insurance Corp.
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