News Topic: Sexual harassment
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Goldman pushes to keep executive names hidden in gender suit
Goldman women pick big lawsuit over arbitration, but many abstain
FDIC lacks adequate sexual harassment prevention, reporting system: IG
Even though fewer cases are reported among the agency's employees compared to the government average, the watchdog said the Federal Deposit Insurance Corp. should improve its anti-harassment training and other procedures. ... Read full article
Wells board members quit; BofA quizzing clients on virus
Elizabeth Duke and James Quigley step down from board; the bank is asking corporations to divulge their exposure and preparations as part of risk assessment. ... Read full article
Challenges to banks’ use of arbitration a sign of gender fights to come
Wells Fargo and JPMorgan Chase recently avoided shareholder votes tied to their use of arbitration clauses in sexual harassment cases. But socially conscious investors say the issue is likely to flare up again elsewhere and that banks would do well to ... Read full article
Staley probed for ties to disgraced financier; Fed picks face Senate panel
Authorities looking into Barclays CEO’s dealings with Jeffrey Epstein; controversial pick Judy Shelton, critics charge, would jeopardize Fed independence. ... Read full article
Wells Fargo ends mandatory arbitration in sexual harassment cases
Wells is thought to be the first big U.S. bank to allow harassment victims to go to court instead of arbitration. An investment firm that advocates for progressive causes claimed credit for the policy change. ... Read full article
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. ... Read full article
Rubin is removed as Florida banking commissioner by state's cabinet
State regulator Ron Rubin had been asked to resign in May over a sexual harassment complaint, but he attempted to fight the allegations. ... Read full article
Wells mulls making interim CEO permanent; Emanuel joins boutique bank
The bank is having trouble finding an outsider and acting chief Allen Parker has impressed the board; the former Chicago mayor will join Centerview Partners. ... Read full article
Besieged Florida banking regulator avoids firing — for now
Florida Gov. Ron DeSantis is attempting to sort out allegations of sexual harassment against the state's banking commissioner and counterclaims of a political setup. ... Read full article
Asked to resign, Florida’s top banking regulator claims corruption
Ronald Rubin was asked by the state’s chief financial officer to resign after a review of an Inspector General’s report detailed allegations of sexual harassment. Instead, Rubin is countering with accusations against the CFO. ... Read full article
Florida’s top bank regulator placed on leave after sexual harassment complaint
State officials are looking into a sexual harassment complaint filed against Ronald Rubin, Florida's recently-appointed top banking regulator. ... Read full article
HSBC sexual harassment case shows banks' struggles in MeToo era
In the MeToo era, financial firms the world over are struggling to handle complaints of sexual harassment. A case in point: HSBC. ... Read full article
American Banker scores 11 major journalism awards
American Banker won 11 journalism awards during the past week, including its first Grand Neal, the highest of the honors announced at this year's Jesse H. Neal business journalism awards. ... Read full article
Credit union executive calls out sexist behavior at CUNA conference
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
FIS buys Worldpay; Is it time for resurgence of community banks?
The $35 billion deal could create "a global payments giant"; with the number of community banks dropping as low as 5,477, it may be time for new ones. ... Read full article
HSBC urges staff to speak up on incidents after misconduct case
HSBC's new head of global markets is encouraging a speak-up culture, months after his predecessor left the bank amid a misconduct claim from a junior female employee. ... Read full article
Say Watt? Former FHFA head gets sniffy about his misconduct, and proxy pressure builds
Mel Watt calls FHFA watchdog “sexist,” after it concludes he’s guilty of sexual harassment. State Street sues the "Fearless Girl" sculptor. Banks big and small face mounting pressure on gender pay gap and board diversity. And another top 40 U.S. ... Read full article
