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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.
November 8
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Pomona Postal Federal Credit Union is the fifth institution for which the agency has taken this action this year.
November 6
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Under federal law, individuals with criminal records must receive government approval to work at a bank. Leeway has been granted over the years, but now the industry plans to lobby Congress to eliminate major hiring hurdles.
November 5
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Many of the consumers who embraced online and mobile channels during the pandemic are seeking help from human bankers more than ever, according to research from Cornerstone.
November 5
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The Florida bank's agreement with the core provider FIS is expected to reduce annual expenses by $12 million. Analysts expect more banks to make similar moves.
November 5
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Fearing government intrusion, financial institutions’ own clients rallied against the Biden administration plan for their account information to be shared with the IRS. Their involvement added weight to the industry’s opposition.
November 5
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Citigroup, BNY Mellon, JPMorgan Chase and PNC are each working to enable wireless providers, public utilities and other companies to instantly receive funds from the consumers they bill.
November 5
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The $457 million-asset Heritage Credit Union in Deforest has agreed to merge with the $3.7 billion-asset Connexus Credit Union in Wausau, forming a company with more than 420,000 members.
November 5
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A new proposal to allow the Small Business Administration to offer credit directly would pull customers away from community lenders, writes the head of a credit union trade group.
November 5
National Association of Federally-Insured Credit Unions -
With its agreement to buy KS StateBank’s residential mortgage operation, Kansas-based Armed Forces is going all in on home lending.
November 5
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The Office of the Comptroller of the Currency has raised “certain regulatory concerns” about Blue Ridge Bankshares, delaying its combination with FVCBankcorp well into next year.
November 5 -
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Despite some bumps in the early days of the Paycheck Protection Program, small businesses report that they had positive experiences with lenders. Savvy banks are channeling the good vibes to generate more revenue from a sector that has sometimes been overlooked.
November 4
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Jack Dorsey's payments company wants to reach a younger demographic while also giving adults more reasons to use its peer-to-peer service.
November 4
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Hispanic adults are underbanked compared with their white counterparts, according to the Federal Reserve. Challenger banks such as Tend and Viva First are reaching out to this population with bilingual services and low-cost money transfers.
November 4
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The $395-a-year Capital One Venture X card goes up against American Express and JPMorgan Chase cards that offer similar benefits to people who want to spend again on travel as restrictions ease.
November 4
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The Federal Reserve had made it easier for financial institutions facing COVID-19-related pressures to comply with the supplementary leverage ratio. The central bank ended that break last spring, but the industry says the market distortions that originally prompted Fed action persist.
November 4
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Canada’s banks will be able to resume buying back shares and increasing their dividends after regulators removed restrictions put in place to protect the financial system during the pandemic.
November 4
