The Biden administration's Property Appraisal and Valuation Equity Task Force is working to eliminate race-based bias in the assessment of home values.

By offering financial education through local crisis centers and community groups — and following through with access to credit — many credit unions are building trust with people who had been wary of working with mainstream institutions.

The average turnover rate has risen to 23% this year from about 16% in 2021, according to a Crowe Global survey of more than 400 banks. Raises and more generous benefits aren't enough to keep workers, the firm warns.

Financial downturns hit lower-wealth communities first and cause them to suffer the longest.

Earlier this year, canvassers visited branches in five California counties to ask about account options. Some 37% of those who spoke Spanish were unable to talk to a banker, compared with 15% of English speakers, according to a report by the Roosevelt Institute.

Community development financial institutions that are led by people of color will receive the capital, which is being distributed through the National Alliance of Latino CDFI Executives and the African American Alliance of CDFI CEOs, according to BofA.

Bosses are expecting workers to finally start showing up regularly at Manhattan offices that have been sparsely populated for more than two years.

The plans will be based on feedback the company got from staff surveys on the topic, Bank of America Chief Executive Brian Moynihan said Tuesday.

Citigroup is seeking 400 more staff for its Belfast office as it expands rapidly outside of London, according to a senior executive at the bank.

Citigroup joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market.