Diversity and equality

Diversify your leadership before regulators do it for you

02/03/21

A voluntary effort to include more members of underepresented groups in the C-suite and on corporate boards would help banks avoid government mandates.

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Data needed on racial makeup of banks' workforces

02/01/21

Laws like the Home Mortgage Disclosure Act require banks to report detailed demographics of borrowers to ensure fair lending practices. If banks are serious about promoting diversity, then they should commit to revealing similar details about their own employees.

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Behind the deal to form the biggest Black-run bank

01/28/21

Broadway Financial had hit a plateau and was in search of a successor to its longtime CEO Wayne-Kent Bradshaw. After the Los Angeles company rejected two buyout offers, Bradshaw reconnected with an old friend at CFBanc in Washington.

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U.S. Bancorp names Oracle's Kimberly Ellison-Taylor to board

01/27/21

Ellison-Taylor, an expert in technology and finance and former chair of the American Institute of Certified Public Accountants, is the second Black woman and fourth person of color on the Minneapolis bank's board.

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Racial equity is a crucial measure of a rule's effectiveness

01/27/21

President Biden’s executive order requiring agencies to weigh the impact of pending policies on underserved groups could have a lasting effect on issues from reforming the Community Reinvestment Act to fair lending.

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GreenState Credit Union pledges $500M toward racial equity efforts

01/25/21

The Iowa-based institution hopes the funds can help narrow the racial homeownership gap in the state, which is believed to be among the worst in the nation.

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Citi keeps sponsorship for golfer Thomas after slur

01/25/21

The bank considered terminating the relationship with professional golfer Justin Thomas, but instead decided to use his platform to increase awareness of discrimination against the LGBTQ community, Chief Marketing Officer Carla Hassan said Monday in a blog post.

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Citigroup shrinks gender wage gap a smidge, to 26% from 27%

01/21/21

Citigroup, one of the few companies to offer a frank assessment of the difference in wages it pays to men and women, has made gradual progress toward narrowing that gap.

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Visions FCU donates to help launch racial justice institute

01/20/21

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division.

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Morgan Stanley's transformation chief pushes cloud tech, diversity

01/15/21

Sigal Zarmi, who took on broader duties this fall, is modernizing the company's technological infrastructure and using reverse mentoring to combat bias in the workplace.

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