Corporate governance

How banks aim to close racial wealth gap: More minorities in leadership


The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.


Why Associated plugged in to community solar energy


The Wisconsin banking company recently agreed to use five solar gardens to power 39 branches. The move, part of a broader sustainability push, is expected to deliver significant cost savings and could benefit rural communities, Associated said.


Banks should offer their own form of reparations


As governments explore whether to compensate African Americans for centuries of racism, financial institutions need to do their part to redress victims of persistent redlining.


Karen Peetz to join Citi in newly created role


The veteran banker will serve as chief administrative officer, with responsibilities that include strengthening Citi’s data architecture, creating greater consistency in its dealings with regulators and enhancing its efforts to combat money laundering.


Swept up in civic unrest, banks confront deep societal issues


Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.


Wells Fargo struggling to stay under asset cap amid pandemic, CEO says


Even after the Fed eased some limitations in April to promote emergency lending, the bank has had to make some “tough choices” to heed the $1.95 trillion growth ceiling set by regulators in the aftermath of its phony-accounts scandal.


Few fireworks at Wells Fargo's first annual meeting under Scharf


Unlike recent affairs that were marred by protests, this year's meeting — held online because of the coronavirus outbreak — went smoothly as investors overwhelmingly approved the bank's slate of directors and executive compensation plan.


Citi's chairman floats idea of holding future annual meetings online


"One of the advantages is that we can hear from shareholders in faraway places," John Dugan said at Tuesday's annual meeting, which was held entirely online as most of the country remains on lockdown to help stop the spread of the coronavirus.


Banks improvise annual meeting plans as pandemic worsens


The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.


HSBC names caretaker Noel Quinn as permanent chief executive


Quinn served as acting CEO since August, when John Flint was ousted over concern he couldn't lead the bank through an increasingly treacherous series of economic challenges.