Bank of America was an anchor investor for a new $100 million fund managed by Mendoza Ventures, which backs companies with founders from minority and other diverse backgrounds in the financial technology, artificial intelligence and cybersecurity industries.

Nadine Chakar will take the helm at Securrency from current CEO Dan Doney, who will become chief technology officer.

Genesis Global Trading has laid off more than 60 employees in its latest round of job cuts, amounting to roughly 30% of the troubled crypto brokerage's workforce.

Minority depository institutions have limited budgets and staff to upgrade their technology. Some are turning to secondment programs and like-minded fintechs to tackle these problems.

The Spanish lender, aiming to become a leader among second-tier lenders in the U.S., expects to increase the number of bankers at its securities and advisory unit, its head of corporate and investment banking said.

Return to office vs. remote work, the Great Resignation, rising wages in the face of inflation, workers trying to unionize, the ongoing fight for diversity in hiring and promotions: the year in human resources.

Truist CIO Ken Meyer and other bank leaders are seeing the chance to hire engineers, developers and data scientists.

The firm may get rid of up to 4,000 jobs to contain a slump in profit and revenue, people with knowledge of the matter said earlier this month, although the final number could come in lower.

Executive coaching programs and specialized employee resource groups have helped financial institutions broaden their available pools of talent and ensure more representation throughout all levels of management.

Your best future employees aren't looking for banking jobs. Successful hiring requires actively seeking out talent.