A bevy of Citigroup bankers and traders are vying to join a new program that would allow them to spend time working at a Black-owned bank.

Year to date through Mar. 31, 2021. Dollars in thousands.

Full-time equivalent, as of Mar. 31, 2021. Dollars in thousands.

Employees often avoid sharing bad news with their bosses, assuming the problem will resolve itself. It rarely does, so senior leaders need to create a culture of constant communication with direct reports — and even lower layers of management — so that issues don’t fester.

The San Francisco company said it will offer workers varying degrees of flexibility based on job type and experience. The bank will also collect data on who has been vaccinated.

The organizations that received charters this year emphasize digital access and remote work, and aim to address the economic disparities highlighted by the pandemic and the nationwide wave of racial justice protests.

The credit card issuer’s move will increase the pay of more than 5,000 employees. Numerous banks have recently raised their minimum wages in a competitive labor market.

HSBC Holdings’ streamlining drive has reached its top executives, with the bank promising to shake up a “hierarchical culture.”

Bliss, which is part of a suite of apps under development by the mobile technology company Euphoria.LGBT, is working with Jiko to offer a tailored savings account for transgender individuals preparing for their transition.

The company will increase annual base salaries by up to $25,000 in an effort to retain younger staff facing burnout from working long hours during the pandemic.

CEO Richard Fairbank told employees they can continue to work remotely on Monday and Friday, though the company is still encouraging them to “spend meaningful time” in the office collaborating.

Citigroup joined rivals including UBS Group in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff.

For years, women have gotten a foot in the door to the finance industry by becoming bank tellers. Now that path is disappearing.

The 2013 rule, which was weakened under the Trump administration, established a comparatively low bar for plaintiffs alleging discrimination.

The House has passed legislation that would make financial institutions report credit application data relating to LGBTQ-owned businesses to the Consumer Financial Protection Bureau for the purposes of enforcing fair lending laws.

The nation’s largest bank is ordering workers to fill out a questionnaire on their vaccination status by the end of this month, CEO Jamie Dimon and other members of the operating committee wrote in a memo to staff Wednesday.

How the pandemic is accelerating trends in financial advice and changing the way Americans manage their money.

The policy, outlined in an internal memo, is one of the most restrictive issued by a major U.S. bank so far.

Most credit unions don’t offer planning services, and affiliating with the No. 1 IBD could help CUNA Brokerage change that, the firm’s president says.

Deutsche Bank’s female employees in the U.S. represent about 21% of the firm’s top ranks and Black people account for around 5%, according to data released by the bank for the first time Friday.