Workplace

Hannah Olson, CEO of disability compliance solution Disclo, explains how she moved through days of uncertainty when her startup's bank failed.

Combining the two Swiss megabanks means more assets and a bigger brand for UBS. But it could be a heavy lift, slowing U.S. advisor recruitment.

Employees of the collapsed bank are using LinkedIn, and old-school means, to find new jobs.

One day after Provident Financial Services agreed to buy Lakeland Bancorp, the latter bank reached a redlining settlement with the Department of Justice. Now there are calls for regulators who are reviewing the deal to require the same of more banks.

The bank is reassigning staffers to busier divisions as attrition and hiring slow.

Senate Banking Committee Chair Sherrod Brown wants regulators to hold public meetings on branch shutdowns in situations where community members request them. His request follows opposition to a closure in a low-income section of Toledo, Ohio.

UBS Group raised Chief Executive Officer Ralph Hamers's total compensation to 12.2 million Swiss francs ($13 million) for his second full year in the job, even as bonuses for the rest of the firm were cut in a challenging period for dealmaking.

More than 90% of appraisers are white, and researchers have found that bias leads to lower valuations for homeowners of color. A Flagstar executive said the mortgage-focused bank is "not just going to sit on the sidelines and watch this happen."

Credit unions have individually made progress in making their ranks more diverse and inclusive, but their efforts are starting to bump up against the political discourse over "woke" corporate cultures.

The Ohio-based bank concentrated most of its lending branches in majority-white neighborhoods and did nothing to compensate for its lack of physical presence, the DOJ claims.