Demographics

Digit's decision to charge a monthly fee for its savings help speaks to the challenge of making fintech profitable.

Yman Vien says she lost her job at American Metro Bancorp because of her gender. The bank says the move was tied to poor decisions that led to a regulatory order in 2009.

Barbara Yastine, who stepped down as head of Ally’s banking unit two years ago, has become a director of Zions in Salt Lake City.

The San Antonio company named Chad Borton, previously head of consumer banking at Fifth Third Bancorp in Cincinnati, for the role. Fifth Third has named Philip McHugh as his successor.

Banks can make a difference by helping to alleviate customers’ individual financial stress, the cancerlike scourge behind thousands of suicides. But this requires a certain mindset about the industry’s mission.

The Buffalo, N.Y., company is filling gaps created when Mark Czarnecki, its former president, died in February after a battle with pancreatic cancer.

Young professionals have a reputation in banking for hopping from job to job. So what exactly are they looking for? The same things as older peers: solid benefits and better pay, according to recent surveys.

Financial institutions of all sizes are overhauling benefits policies and promoting work-life balance to better compete for millennial recruits with the hipper tech sector. The big changes include longer periods of paid time off for new parents.

Google Play and CFSI aim to improve use of financial health apps through a storefront organized by consumers' needs and by publishing a guide for app developers.

The Ollo card has the backing of former Citi CEO Vikram Pandit and several other big names in finance.

The underbanked rely on mobile access more than online or in-person contact. Therefore, the U.S. must follow developing countries’ leads and let consumers sign up for mobile-only accounts.

President Trump’s proposed cuts to programs providing credit options for low-income and underserved communities would have a particularly negative effect in states that voted for him.

Devon Bank in Chicago has a long history serving immigrant groups in one of the nation's most diverse neighborhoods. Right now, its clients are worried about President Trump's actions on immigration and deportation.

When one considers the available data on bank lending, there is a lot more to the story. The solid loan growth at commercial banks in recent years has been concentrated in some of the sectors that appear least in need of credit.

State Bank of Texas, which bought the failed Seaway Bank in January, is selling nine branches to Self-Help Credit Union.

By relying heavily on where a borrower went to college, online lenders may run afoul with regulators and could be missing out on good credits.

Studies show that companies with more women in leadership roles increase their “innovation intensity,” yet women still hold only 20% of the board seats and eight CEO jobs in financial services.

Startups in the payday lending space say their use of artificial intelligence is allowing them to make better loans at lower rates with fewer defaults.

Quona Capital Management raised $141 million for the Accion Frontier Inclusion Fund, which will invest in companies that provide financial and other services to underserved customers in emerging markets.

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