Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates.
Arjuna Capital is filing shareholder proposals with 11 financial and tech companies to uncover median gender pay gaps, which it said would determine if more women are concentrated in lower-paying jobs.
The private equity acquisition of fintech vendor Ellie Mae will give it some breathing room in a declining originations market being owned a more patient and strategic investor rather than shareholders as a publicly traded company.
Members of both parties want to make it easier for legal cannabis businesses to access financial services, but myriad obstacles stand in the way of that goal.
The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.
The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches.
Global banks moving operations from the U.K. to the European Union because of Brexit are poised to face fresh regulatory scrutiny on the value of their assets and capital as the bloc's top watchdog seeks to curtail risks.
