Compensation
Compensation
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After the failures of Silicon Valley Bank and Signature Bank, other institutions rushed to reassure their customers. But it can be tricky to ensure these messages do no harm.
May 29 -
Try keeping quiet and listening instead of talking, suggests the journalist Dan Lyons in his new book, "STFU." Doing so can lead to a host of benefits, from career advancement to a better marriage.
May 26 -
Pro-union workers at a Wells call center allege that supervisors repeatedly tore down flyers, violating their right to organize. The bank said it refuses to "tolerate retaliation of any kind."
May 24 -
Challenger bank focused on serving the queer community plans to cease operations next month.
May 24 -
The product, designed for wealth management customers, is the first in the U.S. to implement Mastercard's Touch Card, which helps people distinguish credit, debit and prepaid cards through a notch on the card's edge.
May 24 -
Senior Bank of America investment banker Jill Schwartz discusses her own board roles, how women can serve on nonprofit boards, and how they can drive change, in conversation with Chana Schoenberger, American Banker's Editor-in-Chief.
May 23 -
The three-year-old law required banks and other corporations based in the nation's most populous state to appoint a minimum number of board members from designated underrepresented communities. A federal judge said that it imposed an unconstitutional racial quota.
May 19 -
Roughly 450 organized staffers of the Madison, Wisconsin-based insurance provider are prepared to head to the picket line — unless mediators can find common ground by Friday.
May 17 -
The bank is focusing on pre-seed companies that specialize in fintech or other forms of technology and have diverse founders.
May 16 -
Last year, just 31% of the bank's shareholders voted in favor of compensation packages for top executives. Support climbed to 89% this year after JPMorgan vowed not to make any more special one-time awards to Chairman and CEO Jamie Dimon.
May 16 -
Brent Grable will take on managing IT and operations at the Massachusetts bank. He formerly worked at Santander and State Street.
May 16 -
The Chinese government has forced banks to deny Chinese emigrants access to their retirement savings. What Beijing will demand next is anybody's guess.
May 15 -
The fintech already has a number of large bank partnerships, including Morgan Stanley at Work and Wells Fargo.
May 12 -
Gov. Jay Inslee has signed a law that will offer loans to minority borrowers to help cover down payments and closing costs. Supporters say it will benefit groups that were victimized by racially restrictive real estate covenants.
May 10 -
Because the Canadian bank pulled the plug on its takeover of Memphis-based First Horizon, a deal it negotiated with community groups won't take effect. Still, community groups are asking TD to uphold portions of the agreement.
May 8 -
The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.
May 5 -
The Cleveland-based bank says it will submit to a racial equity audit conducted by an outside law firm, as Citigroup and Wells Fargo have previously done. The bank's decision follows a request that regulators investigate Key's mortgage lending practices for alleged redlining.
May 4 -
On one level, the failed bank's narrative mirrors the interest rate misplay and depositor panic at Bay Area neighbor Silicon Valley Bank. But it's also a deeply personal story about Herbert, who founded First Republic in the 1980s, championed its aggressive growth and failed in a last-ditch attempt to engineer a private-sector rescue.
May 3 -
Kaua'i Federal Credit Union in Lihue is launching an "economic resiliency center" for members in the Kapa'a community. It hopes to support minority-owned businesses throughout the area by providing access to housing resources and other funding.
May 3 -
Goldman Sachs Group is in talks to settle a high-profile lawsuit alleging gender pay disparity, ahead of going to trial next month, according to people with knowledge of the matter.
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