Workplace

Robinhood Markets is poised to succeed in pushing a female former engineer's claims about a "toxic culture of gender bias" at the company out of open court and into private arbitration.

Dennis Halpin will conclude his 18-year tenure with the credit union in January.

At American Banker's Small Biz Banking conference, bankers said they are throwing community events, working with local nonprofits and trying to turn lending decisions from "no" to "yes."

Sexual assaults, lurid propositions and a sex tape pack the latest filings in a class action against Goldman Sachs. But it's a boss's comment about his assistant's engagement ring two decades ago and a woman who complained an executive checked her out that have set off an especially bitter dispute in the case.

American Express is ending a requirement that employees need to be vaccinated against COVID-19 to enter offices as virus cases decline globally.

The industry is largely missing out on a huge segment of the market for financial services.

Barclays said some of its bankers may face disciplinary action and pay cuts after the firm agreed to a $361 million penalty to settle U.S. allegations that it failed to register billions of dollars worth of securities offerings.

Royal Bank of Canada's investment banking arm held a round of layoffs in the U.S., according to people with knowledge of the matter.

The trade groups, including the American Bankers Association, allege the Consumer Financial Protection Bureau exceeded its authority by claiming discrimination in any financial product violates the federal prohibition on "unfair, deceptive or abusive acts or practices."

Leaders who set clear expectations do not create hostile settings. If anything, good people are motivated knowing what they do is noticed and matters.

U.S. regulators are poised to announce a settlement of about $2 billion with firms across Wall Street for failing to monitor employees using unauthorized messaging apps.

A female Commerzbank manager who was described by her manager as having an "unhealthy obsession with work" won her sex discrimination claim for a second time.

Bank of Nova Scotia's surprise pick of a CEO from outside its executive ranks is sparking a debate over whether major changes will result at Canada's third-largest lender.

The parent company of Silicon Valley Bank has hired a law firm to assess its "Access to Innovation" effort. That program aims to provide support, including more funding, to startups and venture firms that were started by women and members of certain minority groups.

Klarna Bank, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation, people familiar with the matter said. 

Bank of America continues to spend on its people and is looking to add more investment bankers even as inflation pushes expenses higher, Chief Financial Officer Alastair Borthwick said.

Jamie Fiore Higgins, a former executive at Goldman Sachs, describes the toxic work environment she endured during her 18 years at the investment bank in her memoir, "Bully Market."