American Banker's inaugural ranking of the Best Banks to Work For highlights institutions with strong cultures and smart approaches to making employees feel valued and engaged. Companies have been measured against peers of similar size, based on assets.
American Banker's Best Banks to Work For study is performed in conjunction with the Best Companies Group, which reviews employer reports on benefits and policies, along with extensive employee surveys to generate the rankings.
Personal visits from the company president, special training for those making the leap to supervisor, notes of encouragement from the boss and from staffers - the institutions on American Banker's list of the Best Banks to Work For offer up interesting examples of what companies can do to boost employee engagement at the office.
What's Next for Energy Lenders? Lots of 'Wound-Licking'
Expect banks to pull back on energy lending in the near term, as regulators step up their scrutiny of oil loans and bankers approach the business with a "different attitude," says Mariner Kemper, chairman and chief executive at UMB Financial in Kansas City, Mo.
Eliminating paper doesn't just speed up processes and cut costs it's also good for the environment, and helps financial institutions recruit and retain green-minded and tech-savvy young employees. Here's a look at how some of the Best Banks to Work For are saving trees while saving money and time.
Eight Commercial Mortgages Where Borrowers Cashed Out Handsomely
The high volume of commercial mortgages maturing this year has left some property owners scrambling for funds to refinance. Not so for these eight landlords, who took advantage of the strong price appreciation of their iconic office buildings, luxury hotels, super regional shopping malls, and a portfolio of rental homes, to cash out in some cases, to the tune of hundreds of millions of dollars of equity. Bank commercial real estate lenders, who know all too well the cyclical nature of this sector, will want to take a close look at these transactions, details courtesy of our colleagues at Asset Securitization Report.
It was never going to be a good hearing for Wells Fargo CEO John Stumpf, but his performance Tuesday before the Senate Banking Committee was widely panned. Called to answer for millions of phony accounts being opened, Stumpf didn't know the answers to many of the lawmakers' questions and distanced himself from the board which he chairs. Lawmakers from both parties were highly critical. The following were some of Stumpf's worst moments:
The surprise vote by the U.K. in June to leave the European Union may encourage fintech startups in London to expand across the pond. That was the case with Duco, a financial data management startup, which recently added senior managers in New York. "Hiring talent in London was already hard on the tech side, and we think it's going to get even harder" says CEO Christian Nentwich.
This year federal and state regulators have started to pay closer attention to the rapidly evolving online-lending sector particularly online small-business lending. What follows is a look at eight key players in the debate over how to regulate this emerging industry.
A compliance-at-all-cost mentality, which is the overarching attitude in many banks, results in overspending and overallocating valuable resources to meet both real and perceived compliance... Read More