Corporate governance

Federal government an exemplar in promoting women


The financial industry should take notes from regulators that have diverse leadership.


FDIC to offer parental paid leave to employees


All personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of a child in their home, the agency said.


Citigroup’s Corbat issues call to action on equal pay, opportunity for women


Citigroup CEO Michael Corbat said that unconscious bias has contributed to inequality in the workplace despite a decades-long effort by many companies to promote women.


Lifetime achievement: Barbara Desoer's unconventional path to big-bank CEO


In a long and storied career, Barbara Desoer has helped shape two of the largest banks in the country, Bank of America and Citibank. The most striking detail? Her biggest role came after she 'retired.'


No shortage of challenges facing Wells Fargo’s new CEO


Charlie Scharf’s most immediate priorities will be mending fences with regulators and getting the bank out from under a Fed-imposed asset cap. But he also must come up with strategies for spurring revenue growth and reining in expenses.


Gender pay gap is 'a challenge we need to tackle together'


Citigroup has set measurable goals for increasing representation of women and U.S. minorities in senior, higher-paying roles and CEO Michael Corbat is urging other financial firms to follow suit.


CFPB says Chicago debt collector made bogus threats against consumers


Asset Recovery Associates told borrowers that it could sue them, garnish their wages and place liens against their homes, according to a consent order by the consumer bureau.


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.