NEW YORK ( TheStreet ) -- Citigroup ( C ), Wells Fargo ( WFC ) and Capital One Financial ( COF ) have agreed to expand their policies on "clawbacks" in the event of misconduct that causes financial or reputational harm, the New York City Comptroller John C. Liu said Thursday. All three banks adopted new policies that allow their boards of directors to recover or "claw back" bonuses from executives who are responsible for misconduct that causes serious financial or reputational harm to the company. Previously, the directors could claw back pay only in the event of fraud or gross negligence or in the event of a financial restatement. The banks also agreed to improve their disclosure of clawbacks. Capital One said it will disclose the total amount recovered in connection with any publicly disclosed event. Wells Fargo and Citigroup said they will consider disclosure on a case to case basis.