Compensation
Compensation
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The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.
December 12 -
JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.
December 11 -
The Wall Street bank to shed 1,500 spots ahead of an uncertain 2020; smaller and regional banks are lagging behind but expect to increase their focus next year
December 10 -
BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.
December 9 -
BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.
December 9 -
The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.
December 9 -
Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest.
December 6 -
The National Credit Union Administration recently made it easier to hire job applicants with small criminal offenses in their past, but some in the industry still have concerns.
December 6 -
In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.
December 5 -
The CFPB has promised an equal-access rule for small-business lending for nearly a decade. But Apple’s recent discrimination inquiry into its credit card could force the agency’s hand.
December 3 -
The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.
December 3 -
The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.
December 3 -
The bank will continue to hold cash in sweep accounts until 2031, although at a lower rate; capital requirements could lead big banks to hold off lending.
November 27 -
Democratic Senators Elizabeth Warren and Sherrod Brown want the Consumer Financial Protection Bureau to examine allegations of bias against women who applied for an Apple credit card underwritten by Goldman Sachs.
November 26 -
Rodney Hood, chairman of the National Credit Union Administration board, visited a Connecticut institution while others announced personnel changes.
November 26 -
Credit Union Journal's annual showcase of some of the industry's most innovative and effective growth strategies.
November 26 -
The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.
November 25 -
House Democrats described the disparate impact standard as "the most important tool" for enforcing the Fair Housing Act.
November 22 -
Readers react to the FDIC's proposal allowing banks to hire ex-cons, regulators looking into climate-change risk at banks, whether rewards programs drive loyal customers and more.
November 21 -
Bank of America says in a 23-page report that it has boosted the percentage of women and people of color among senior management and hired thousands of people from low- and moderate-income communities.
November 21



















