How banks aim to close racial wealth gap: More minorities in leadership


The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.


Don’t weaken the G-SIB surcharge


The Fed has already eased certain capital requirements in response to the coronavirus pandemic. It should avoid making any further adjustments to the surcharge, which is meant to keep global banks from creating systemic risks.


Wells Fargo to cut dividend; other big banks boost capital buffer


In response to the Federal Reserve's stress tests, Wells said it will lower its third-quarter distribution to shareholders. Meanwhile, JPMorgan Chase, Goldman Sachs and five other companies announced stress test capital buffers that exceed the minimum requirement.


Did Fed get it right on shareholder payouts?


Some observers said the central bank should have suspended dividends entirely in response to an unprecedented economic emergency caused by the pandemic. Others said its more cautious moves were appropriate because big banks' capital is strong and the economy could bounce back.


Fed freezes stock buybacks, caps dividends after stress test results


In the most sweeping capital distribution order since the financial crisis, the Federal Reserve says it will prohibit big banks from buying back their stock in the third quarter and limit dividend payments to second-quarter levels.


An ‘overwhelming’ moment: Behind BofA’s $1B racial justice commitment


From hiring to health care, Vice Chair Anne Finucane shares details about Bank of America’s pledge to address vital needs in minority communities.


Big banks cling to branch expansion plans despite coronavirus shock


Executives argue the rollouts will largely focus on new markets and work in tandem with digital banking efforts.


Karen Peetz to join Citi in newly created role


The veteran banker will serve as chief administrative officer, with responsibilities that include strengthening Citi’s data architecture, creating greater consistency in its dealings with regulators and enhancing its efforts to combat money laundering.


Banks are still paying dividends, but for how long?


Payouts continue to be relatively generous, but that could change if the Federal Reserve demands banks bolster capital or the economy worsens.


Virtual therapy, yoga, pet parties: Banks' answers to worker stress


Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.