The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

Everyone agrees good corporate governance involves a board that is just the “right” size and has a “good mix” of knowledgeable insiders and independent watchdogs. But setting bright-line rules for banks as varied as M&T, Wells Fargo and Eastern Bank is hard.

Ben Holzman helped build Bain Capital Ventures' enterprise software practice.

Credit unions announce board election results, strategic appointments, new hires and more.

Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee.

Payroll needs can be tricky — especially on the open seas, where cruise staffers often have to go through several expensive steps to cash out their paychecks.

In a new initiative announced Friday, Bank of America said that it will work with several nonprofits to source a pipeline of local talent in its markets.

As these up-and-coming leaders continue to move up through the ranks, some could be heading for the corner office.

President and CEO Joseph Ficalora took a 33% pay cut in 2017, but shareholders still rejected the plan by a wide margin.

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.

Two leagues give top honors to CU professionals and volunteers, and more recruitment and retention news from credit unions across the country.

Citizens Financial Group is partnering with IBM to develop a virtual career coach that will use artificial intelligence to help employees set career goals and determine what kind of training they need to develop new skills.

Bank of America's top technology officer says finance-industry workers get spooked about their jobs because of how bosses talk about tech.

An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in December but is not making the results public.

Umpqua Bank has hired veteran lender Tom Farrell to help it grow its homebuilder finance group in California.

The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.

UniCredit and Société Générale are discussing a merger; Revolut also plans to launch its mobile service in the U.S. this summer.

Financial institutions have spent time and money to try to make their branches and digital services more accessible, but Fifth Third and TD Bank are among employers working with the nonprofit Project SEARCH to meet an overlooked need: finding jobs for young people with autism and other cognitive challenges.

Black workers are now down to about one in 10 U.S. employees inside Citigroup, according to 2017 figures in a report published on its website.