JPMorgan Chase is giving $1 million to two anti-hate groups
The money will be split between the Southern Poverty Law Center and the Anti-Defamation League, according to a Monday memo from Peter Scher, the New York-based bank’s head of corporate responsibility. The bank will also start a new program to match employee donations to human rights organizations for as much as an additional $1 million.
“The events in Charlottesville have
Many credit unions are now offering their workers paid time off for volunteering. Here's how it benefits both employers and employees.
The Ohio-based bank reports a 10% expense reduction within a year of moving its contact center technology to Google Cloud through a partnership with UJET.
The Consumer Financial Protection Bureau doubles its anticipated rulemaking agenda from last year, even as bureau employees expect mass layoffs.
Medallion Financial CEO Andrew Murstein sees more growth on the horizon for the New York lender's fintech banking operation, which saw activity spike in the first half of the year.
Truist Foundation will fund a multiyear economic development initiative to revitalize business corridors in five Southeastern cities; First Horizon has hired Wells Fargo's Shaun McDougall to head consumer banking; Ally Financial commits over $150 million to support workforce development; and more in this week's banking news roundup.
The Federal Reserve said it would rescind its novel activities supervision program created to monitor how banks use emerging tech.
