Moelis submits a revised Fannie/Freddie blueprint; FASB considering a plan to have banks break out charge-offs and recoveries on year-by-year basis; Wells Fargo layoffs begin with 1,000 jobs in mortgage and tech; and more from this week's most-read stories.

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

The bank has long had a program in place to train new employees, but now it’s testing a pilot to help retrain existing staff for different careers at the institution.

Brenda Kerr will be responsible for creating a strategy for the bank's retail operations.

While JPM won't by the first to offer tap to pay, others may follow; cryptocurrency drops to lowest level of the year.

Wells Fargo explains to the "girls" that there really is no gender bias, but that guy is retiring, OK? Rana Yared is one of Goldman Sachs' 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups.

Credit unions wouldn't seem to have much in common with the air travel industry, but a former VP at Southwest Airlines emphasized the important role culture plays at organizations of all stripes.

Credit Union of Texas was struggling with a slow and expensive hiring process. Management decided to revamp, in part by making interviews more dynamic.

Rich Karlgaard, who has spent 20 years at Forbes, shared insights into trends and best practices for credit unions

The former Goldman CEO is said to be the unnamed executive at a meeting with Asian financier; the bank faces multibillion-dollar penalties in two countries.

Earthmover Credit Union CEO Libby Calderone has been appointed president of the Illinois Credit Union System's CUSO.

The Virginia company said that Carolina State Bank is on pace to open later this month.

There’s an argument to be made that those who have experienced bias—be they women or any other underrepresented group—are likely to have developed some distinctive qualities in response, writes Karla Friede, CEO of Nvoicepay.

Credit unions in Michigan, Kansas and elsewhere are making major staffing changes at the branch level, while CUES recognized several executives.

Technological advancements are helping to empower employees, and many organizations, including banks, will need to shift their cultures to continue to attract the best workers.

Full-time equivalent, as of Jun. 30, 2018. Dollars in thousands.

The two allegedly helped to defraud a Malaysian sovereign wealth fund; Michelle Bowman is expected to bring a Main Street perspective to the central bank.

Credit unions as an industry face a wave of CEO retirements, but experts say some institutions' succession plans don't stand up to scrutiny.

A look at staffing changes at credit unions from across the country.

A former bank executive recommends strategies to improve the retention of female bankers across the industry.