Category: News

November 10, 2021

Both Hughes and Fedorov already hold senior positions at the firm, with Fedorov joining Hughes as co-CEO from his position on the company’s board of directors. Tinkoff is the largest digital bank in its home country, and operates a range […]

November 10, 2021

U.S. Bank today announced several company-wide commitments to address the impacts of climate change on its business, customers and communities, including: Setting a goal to achieve Net Zero greenhouse gas emissions (GHG) by 2050 Setting a goal to source 100% […]

November 8, 2021

Citi will incur between $1.2 billion and $1.5 billion in charges to wind down its consumer banking operations in South Korea, the bank said Monday in an amendment to an earlier Securities and Exchange Commission (SEC) filing. The bank said […]

November 8, 2021

Federal Reserve Gov. Randal Quarles resigned Monday in a move that allows President Joe Biden to give the central bank a Democratic majority. Quarles’ seat is the third Fed post Biden could fill in the coming months. One seat on […]

November 4, 2021

Boteju spent almost 10 years at HSBC before leaving in October as its global head of data and analytics. Prior to that he also spent time at Standard Chartered, Commonwealth Bank of Australian, and Vodafone New Zealand. In a post […]

October 20, 2021

Anwar is a six-year Capital One veteran, and currently works as the firm’s managing vice president for data platforms, strategic partnerships and integrations. Prior to his time at Capital One, he spent more than 20 years at PayPal, eBay, AOL […]

October 15, 2021

The cannabis industry is growing exponentially, and nationwide sales are estimated to exceed $30 billion in 2022. This growth comes with extraordinary opportunities for banks to offer services to the still largely unbanked and underbanked cannabis industry. Board members and […]

October 11, 2021

Increasingly, community banks are considering remote or hybrid work arrangements as a way to bring on hard-to-find and in-demand talent at the employee level. They may want to consider doing something similar for their boards, as well. Many community banks […]

October 11, 2021

In signing the pledge, JPMorgan joins a group that already counts fellow Wall Street titans Citi and Morgan Stanley as members. However, JPMorgan, the U.S.’s largest bank, held out on joining the initiative for several months. The program launched in […]

October 6, 2021

If Bank of America reaches its $25-per-hour target on time, it will have bumped up its minimum wage by nearly $14, an hour since 2010, the bank said. Wednesday’s raise, effective date undisclosed, marks Bank of America’s first minimum compensation […]