Workforce management
Workforce management
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The Justice Department and the CFPB are increasingly relying on emails among employees that contain discriminatory comments to strengthen their hand in cases against lenders.
March 24 -
The megabank, which is eliminating about 5,000 jobs in a first round of restructuring, said that it's paused its annual review of racial and gender pay gaps. Citi will conduct a 2023 review sometime later this year, a source said.
March 20 -
For the second straight year, Goldman Sachs shareholders have filed a proposal calling for more details on racial and gender pay gaps. The request comes as the investment banking giant faces scrutiny over its lack of high-ranking women leaders.
March 19 -
An advocate for the credit union industry pushes back against "tired" and "recycled" criticism from bankers.
March 7 -
The Consumer Financial Protection Bureau says it is in favor of consumer choice, but its shifting position on earned wage access calls that commitment into question.
March 4 -
A mixed-race couple claims a "whitewashed" valuation in 2023 returned a price 39% higher than the depository-approved result a year earlier.
February 29 -
CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues. The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank.
February 27 -
The application deadline for this annual ranking is May 10.
February 21 -
She mixed outspoken activism with business pragmatism, launching a bank that helped hundreds of African Americans buy homes in her longtime community.
February 20 -
The Los Angeles-based bank said that it's eliminating roles across its footprint. The job cuts follow a year in which expenses soared and losses piled up.
February 16 -
The Providence, Rhode Island, company has recruited a head of wealth management advisors and a head of private wealth managers as part of a new strategy to reel in high-net worth clients.
February 8 -
The company is considering whether to cut 51 roles across its wealth business in London as the division's new chief looks for ways to boost the returns generated by the unit, according to a memo to staff seen by Bloomberg
February 8 -
Characterizing them as 'schemes' unfairly impugns a service that cash-strapped consumers value and have come to count on.
February 6 -
The Birmingham, Alabama bank cut down its workforce across divisions as higher interest rates put pressure on its business.
February 1 -
People should have the option of having their rent and utilities payment history reported to credit bureaus in order to build up their credit history.
February 1 -
Generative artificial intelligence could streamline numerous operations across the financial services landscape, from building investor presentations to processing regulatory and legal documents.
January 30 -
The longtime Most Powerful Women in Banking honoree looks back on her 40-year career and the power of persistence.
January 29 -
With the growing interest in generative AI, it seems inevitable that some banking jobs will change while others will be eliminated entirely.
January 29 -
Workers are eligible for the one-time cash grants if they earned a salary of less than $75,000 last year, and their total cash compensation was less than $85,000. The payments come amid a unionization push at the San Francisco-based megabank.
January 26 -
January is Human Trafficking Prevention Month, and the financial services industry should take the opportunity to step up for survivors.
January 22




















