Diversity and equality

Meeks of N.Y. to chair House financial institutions subcommittee


The Financial Services Committee also announced the head of a newly created subcommittee on diversity and inclusion.


Time for CFPB to move forward on small-business lending


With a permanent director confirmed, the agency should take steps to establish a small-business data collection rule mandated by the Dodd-Frank Act.


How Citi will shrink its pay gap, and beware those freshman renegades


Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.


Goldman still blames former banker for 1MDB; Morgan Stanley disappoints


Goldman Sachs CEO David Solomon sticks to rogue banker defense in scandal; bank misses earnings, revenue estimates.


‘I have the gavel’: Waters touts agenda but leadership challenges loom


The new chair of the House Financial Services Committee has an ambitious set of priorities, but newly elected progressives could set up a conflict with more moderate Democrats on the panel.


Citi says female employees earn 29% less than men


The bank also reported that, among its U.S. employees, people of color earn 7% less than their white colleagues.


House, Senate Dems introduce bill to encourage diversity among Fed presidents


The bill would require at least one gender diverse and one racially or ethnically diverse candidate to be interviewed for Fed regional bank president vacancies.


HSBC reveals gender pay gap for U.K. employees widened to 61%


Pay for female staff at HSBC's U.K. business fell further behind male colleagues' in the last year, according to new figures from the London-based bank.


House diversity panel a doubled-edged sword for banks


A Financial Services subcommittee planned by Democrats to root out discrimination and expand financial inclusion could put banks on the hot seat, but it could also foster regulatory relief.


No-frills accounts prove popular; lenders use AI to parse credit


The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.