Workforce management
Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer.
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The banking industry appears to be stuck when it comes to diversifying the leadership ranks.
February 15 -
Goldman Sachs, Capital One and New York Community Bank are shrinking their workforces, and other banks are planning to do the same. Whether such reductions become more widespread will depend largely on loan demand in 2023, according to analysts.
February 9
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The bank was already mulling headcount and compensation reductions in early September.
February 9 -
A fraught but often-overlooked episode near the end of the retired baseball legend's life carries lessons and inspiration for financial professionals.
February 8 -
The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8 -
The nonprofit is entering phase two of its project with JPMorgan Chase intended to understand how conversational AI and emerging technologies can help low- to moderate-income consumers.
January 26 -
The banking industry pushed Congress to pass the Fair Hiring in Banking Act as part of last year's defense spending bill. But while banks and some public interest groups hailed the move, others say it doesn't go far enough.
January 13 -
A month after the National Community Reinvestment Coalition blasted KeyBank's mortgage lending record to Black borrowers, the group said it will send letters to the Federal Reserve and OCC about its findings.
January 12 -
Big banks are aiming to bring their existing technologists up to speed with cloud certification and other modern architecture training.
January 9
