Diversity and equality

Deutsche's tragic blind spot, USAA's diversity drive, lenders' card obsession: Top stories of the week


Deutsche Bank overhaul plan will put taxpayers and the financial system at risk; the San Antonio company names three women to key technology positions; issuers like Chase and Citi need to think beyond traditional card options; and more from this week's most-read stories.


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.


USAA walks the diversity talk with latest tech hires


The San Antonio company named Judith Frey vice president of digital banking, Maria Alvarez Mann chief information officer for bank technology and Carri Arnold bank technology officer.


CFPB filed no fair-lending enforcement cases last year


The CFPB did not file any fair-lending enforcement actions in the 2018 fiscal year and did not refer any Equal Credit Opportunity Act violations to the Department of Justice.


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.


Regulation key to systemic health, Quarles says; HSBC plans cuts


Stress tests, capital buffers and liquidity levels are best ways to make financial system safe; HSBC plans to layoff “several hundred” from investment bank.


JPMorgan agrees to $5 million settlement in parental leave case


The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.


'Look up, there's no glass ceiling': State Street's Hannah Grove


Calls for getting more women into leadership positions, and strategies for achieving that, dominated the LEAD conference in New York.


‘Leap of faith’: Fifth Third’s Tanner resigning to focus on social causes


Teresa Tanner, one of American Banker’s Most Powerful Women in Banking, is stepping down as the bank’s chief administrative officer to focus on larger societal issues, such as helping women advance in the workplace and creating economic opportunities for minorities and people with disabilities.


JPMorgan said to name record number of female managing directors


JPMorgan Chase promoted 117 employees to managing director in its corporate and investment bank, with women representing a little more than a quarter of the total (a record percentage), a person briefed on the changes said.