Gender issues

Men have to be part of the solution: Citi’s Corbat on gender equality


In a speech at American Banker's Most Powerful Women in Banking and Finance gala, Citigroup chief Michael Corbat outlined several ways men can help combat bias against women.


Who's new to the Most Powerful Women ranking for 2019?


Nearly a third of the women in the annual ranking are new additions, the largest amount in years. Here's an overview of the changes. Plus, Citi's Corbat on its bold gender equity move, and Wells Fargo's less bold CEO decision.


FHFA resolves dispute with employee over sexual harassment claim


Simone Grimes had alleged former FHFA Director Mel Watt made inappropriate advances toward her and she was paid less than the man who had previously held her position.


Beth Mooney exits, and the CEO boys' club goes on


How do you keep the all-male CEO club at the biggest banks intact? Let us count the ways. Could a woman be the next CEO at UBS? Maybe. At Wells Fargo? Less likely.


Stripe’s valuation rises to $35B; Bank stocks a buy?


The fintech is now worth $10 billion more than its top rival, Square; cost cuts, asset growth and share buybacks could offset the headwinds from low rates.


P2P lenders faces challenges; Student debt relief scams


An economic downturn is likely to force industry consolidation; the legit firms only offer borrowers things they can get for free, while others are scams.


A-Rod, J. Lo invest in fintech; Inverted yield curve hurts regionals


The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip.


Fed’s hard sell on SOFR; Consumers dialed in on phone banking


A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.


BofA accused of discriminating against jeweler run by women


Jewelry maker Alex and Ani LLC demanded $1.1 billion in damages from Bank of America in a lawsuit alleging lending discrimination against a women-led company that was once featured in advertisements promoting the bank's commitment to diversity.


Deutsche expects continued scrutiny; PayPal losing another exec


The bank believes its U.S. unit will pass this year’s stress test but Fed restrictions will stay; COO is the second member of CEO’s inner circle to leave.