Diversity and equality

Banks stand to benefit from Supreme Court’s LGBTQ+ ruling


Bank leaders should embrace the decision in their efforts to guard against reputational and workplace risks.


U.S. Bancorp elevates role of chief diversity officer


Highlighting its commitment to hiring and promoting more minorities, the company has promoted Greg Cunningham to senior vice president and appointed him to CEO Andy Cecere’s leadership team.


Brokered deposits help banks help their communities


Peoples Bank in Arkansas once used brokered deposits to fund more loans to underserved borrowers. It could do so again if Congress loosens restrictions, says CEO Mary Fowler.


Trump’s attempt to weaken fair housing rules is beyond tone deaf


The White House's efforts to loosen equality requirements in lending run counter to the widespread demand for racial justice. Congress must act.


Wells takes back chunk of bad loans, CFPB probes Quicken unit, Truist’s cost-cutting: Top stories of the week


Wells Fargo buys $14B of delinquent mortgages tied to pandemic; CFPB launches investigation of Quicken Loans real estate affiliate Rocket Homes Real Estate; Truist accelerates cost-cutting plans; and more from this week’s most-read stories.


CFPB slaps Chicago mortgage lender with redlining lawsuit


The consumer agency alleges Townstone Financial's CEO and president made statements on a radio show discouraging applicants living in Black neighborhoods from seeking home loans.


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.


Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week


New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.


PNC Financial expands, diversifies executive leadership team


Less than three weeks after making a $1.05 billion pledge to fight racism, the Pittsburgh company promoted two Black bankers to its top-level management committee.


RBC aims for 30% minority executives, sets targets for new hires


Royal Bank of Canada says it is raising internal targets for the number of racial minorities in executive roles to improve diversity in its leadership ranks.