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The smallest of the Best Banks to Work For have figured out how to thrive in an environment where many employees are working fully or partly from home. Some are using flexibility as a tool to stave off burnout.
November 9 - AB - podcast
Brett King, founder of Moven, host of the radio show “Breaking Banks” and co-author of the forthcoming book “The Rise of Technosocialism,” has strong opinions about how technology is changing finance and the world. His forecast includes more automation, fewer jobs and the emergence of central bank digital currencies.
November 8 -
Directors can urge executives to move more quickly in gauging their institutions’ vulnerability to extreme weather events, said acting Comptroller of the Currency Michael Hsu. He offered a list of five questions every board member should ask senior leaders about their progress.
November 8 -
After vowing for months to crack down on ransomware, the Biden administration and allied countries unleashed a string of actions Monday against one of the most prolific hacking groups and also issued sanctions against cryptocurrency entities that allegedly enable such attacks.
November 8 - AB - Technology
A recent report from banking regulators says the digital assets pose too big a risk to the financial system to be issued by state-chartered entities that don’t have deposit insurance. Stablecoin issuers and others reject that claim and say regulators are discouraging competition.
November 8 -
The U.S. unit of Spain’s Banco Santander is the latest bank to make it easier for customers to avoid the charges.
November 8 -
Bank of New York Mellon will sever ties with the billionaire Gautam Adani’s contentious Carmichael thermal coal mine in Australia, the latest global financial institution to distance itself from the project.
November 8 -
On Jun. 30, 2021. Dollars in thousands.
November 8 -
Even as the pandemic has hastened adoption of digital banking, industry officials say branches remain vital points of contact with consumers.
November 8 -
On Jun. 30, 2021. Dollars in thousands.
November 8 -
The Houston companies emphasized the need for added size to compete with megabanks such as JPMorgan Chase and Wells Fargo.
November 8 -
On Jun. 30, 2021. Dollars in thousands.
November 8 -
Citigroup said it plans to take charges of $1.2 billion to $1.5 billion as it winds down retail banking operations in South Korea, part of CEO Jane Fraser’s sweeping efforts to focus on more profitable businesses for the Wall Street giant.
November 8 -
The bank is partnering with Anthemis to match investors with female entrepreneurs, who according to Findexable research attract just 1.5% of investment in the sector.
November 8 -
Wellby, Powered by JSC Federal Credit Union has named Martyn Pell as its president and CEO. He most recently was chief lending officer at Coastal Federal Credit Union in North Carolina.
November 8 -
The institution joins a small but growing list of large banks that allow businesses like utilities and mobile carriers to instantly accept consumer transactions.
November 8 -
Northern Hills Federal Credit Union in South Dakota is one of several institutions testing tools that can deliver faster loan decisions, an edge they need against digital upstarts.
November 8 -
Randal Quarles, who oversaw an easing of post-financial crisis rules as the Federal Reserve’s vice chair of supervision, announced he will resign at the end of this year. His departure will leave President Biden with another open seat to fill on the central bank’s board.
November 8 -
Overdraft fees are criticized as unfair penalties for lower-income customers, but they are often better for consumers than getting purchases rejected.
November 8
Cornerstone Advisors -
Executives at the 90 institutions that made the ninth annual ranking are boosting benefits to attract new employees, amid intense competition for talent. They're also rethinking how they approach recruiting and increasing their diversity efforts.
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