News Topic: Diversity and equality

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.” ... Read full article

UBS promoted female bankers to key positions at the top of world's largest wealth manager, broadening the pool of potential candidates to eventually succeed Chief Executive Officer Sergio Ermotti and bringing more diversity to the board. ... Read full article

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 ... Read full article

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 ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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

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

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 ... Read full article

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. ... Read full article

Citigroup earned the lone "A" on an investment firm's scorecard that measures companies' commitments to closing the pay gap between men and women. Goldman Sachs was one of four banks to receive an "F." ... Read full article

Goldman Sachs pays women in the U.K. an average of 50.6 percent less than male colleagues per hour, although this is an improvement on the 56 percent gap the Wall Street firm reported a year ago. ... Read full article

In a post to a social networking site, Rachel Pross, chief risk officer at an Oregon institution, described unwanted touches and inappropriate comments by male executives and directors at the event. ... Read full article

A report from the Government Accountability Office found that while the Federal Home Loan banks have taken steps to improve diversity among boards of directors, members are still largely male and nonminorities. ... Read full article

The bank is tying manager pay to inclusive hiring; Cboe Global Markets to stop trading bitcoin futures. ... Read full article

Creating an environment that employees love and recruiting a diverse workforce isn't easy. Here's how some Best Fintechs to Work For do it. ... Read full article