News Topic: BankThink

The Hawaii bank has paid employees who carpool, bike or walk to work. About a third of the workforce bought into the program before the pandemic, and it's expected to continue once life returns to normal. ... Read full article

The Florida company has created a series of programs to coach leaders on motivating employees and avoiding conflict. ... Read full article

The community bank has developed trivia and other Zoom-based games to keep workers engaged during the pandemic. ... Read full article

Donald Felix will join the Rhode Island company in January as head of national banking. He recently was responsible for developing a personal finance management strategy for JPMorgan Chase’s consumer bank. ... Read full article

The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates. ... Read full article

The announcement marks one of the credit union community's largest funding efforts toward diversity and inclusion initiatives. ... Read full article

The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind. ... Read full article

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base. ... Read full article

Small businesses need a new round of loans and aid from the government to keep employees working as the pandemic continues to spread, SBA Administrator Jovita Carranza said. ... Read full article

The bank is scaling back how it distributes research to clients, part of a push to simplify operations and lower headcount, according to people familiar with the matter. ... Read full article

Democracy Federal Credit Union is the latest to move ahead with plans to shut down on Nov. 3 so employees can get to the polls. ... Read full article

After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts. ... Read full article

The agency overreached in its proposal to revamp the Community Reinvestment Act when it should have simply required branchless banks to invest more in areas where deposits are taken. ... Read full article

The Justice Department may try to block the deal for antitrust reasons; some banks feel they have to start foreclosures soon before the properties lose even more value. ... Read full article

The 50 biggest banks are financing industries that contribute most to the loss of the world’s species, according to a consortium of environmental experts and advocates. ... Read full article

The Mississippi company said Duane Dewey, the president of its bank, will succeed Gerard Host as CEO in January. ... Read full article

The industry called for modifications to the regulator's phase-in proposal on the new credit loss standard while acknowledging the broader changes it wants are up to the Financial Accounting Standards Board. ... Read full article

Leaders at the 85 institutions that made the eighth annual ranking have found ways to navigate crises (there have been plenty this year) while also bolstering employee morale. ... Read full article