Corporate governance

Former FDIC chair joins Fannie Mae's board


Sheila Bair, who holds board seats at several other organizations, will sit on Fannie's compensation, corporate governance and risk policy committees.


As Wells Fargo seeks new CEO, toll on stock hits $24 billion


Analysts and big investors say they cannot advocate buying more shares until the bank installs a leader with the authority to lay out a plan for the future. However, speculation about potential candidates has quieted.


'There will be accidents ... in the cloud,' ECB warns


A senior official at the European Central Bank warned that banks embracing external data storage and other digital technology need to face the reality that those systems are inviting targets for hackers.


Big banks need more diversity in leadership ranks: House Democrats


With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.


Former N.Y. superintendent Vullo joins Emigrant Bank board


Maria Vullo served for three years as New York's top banking regulator.


Wells Fargo still in talks with BofA's Cathy Bessant as its options narrow


Other executives are being considered, too, but the list is dwindling as JPMorgan’s Gordon Smith and other big names are said to be out of the running. Meanwhile, senior Wells executives have pushed to keep interim CEO Allen Parker.


Eagle in Md. adds former Wells executive to board


Theresa LaPlaca, one of four new directors at the company, ran an office Wells formed to address issues tied to its sales and reporting practices.


2019 reputation rankings: The biggest movers


The banking industry has some work to do to improve its overall reputation, but the good news is that most customers have positive feelings about their own banks. Here are 10 banks that made big strides.


Image enhancement: How Citi is restoring its good name


Once a poster child for corporate wrongdoing, Citi has bolstered its reputation by taking bold stands on polarizing social issues, such as climate change and gun control, and declaring its commitment to move more women and minorities into managerial roles. Here's how it aims to do even better.


Bank of America will stop lending to private-prison firms


The decision follows similar moves by rivals JPMorgan Chase and Wells Fargo.