Workforce management

Retirement wave could leave FDIC short-staffed in crisis, watchdog warns

02/14/20

The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.

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CIBC plans job cuts, joining Canadian peers in savings quest

01/31/20

The Toronto firm, Canada’s fifth-largest lender by assets, must keep “a careful eye on costs” and improve efficiency, its CEO said in a corporate memo.

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How does a challenger bank earn customers’ trust? Digit CEO explains

01/13/20

"To wake up one day and assume everyone in America is going to be above average at math and above average rational is crazy," says Ethan Bloch, whose app is designed to help people achieve financial health.

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What embracing agile methods has done for U.S. Bank

01/06/20

Werner Loots, the bank’s first head of transformation, is helping the bank redesign how work is done, then streamlining and digitizing as much as possible.

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Citi’s investment bank plans to hire 2,500 coders this year

01/06/20

The institutional clients group will add the jobs in New York, London, Shanghai and several other cities across the globe.

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Wells Fargo's Scharf sows unease while considering change

12/27/19

Intense scrutiny from poker-faced CEO Charlie Scharf is prompting executives at the bank to ponder their units’ strategies — as well as what’s in store for their own careers.

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Global banks cutting nearly 80,000 jobs this year, most since 2015

12/27/19

Morgan Stanley is the latest firm to make a year-end efficiency push, eliminating about 1,500 jobs, according to people familiar with the matter.

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What will bank jobs look like in the future? OceanFirst has an idea

12/16/19

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI and other emerging technologies.

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New tech could save banks $70B by 2025

12/12/19

The rapid pace of technological change will force financial services companies to invest in more efficient digital offerings for clients, eliminate jobs and retrain staff to focus on higher-value work, according to an Accenture report.

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FDIC plan would make it easier for banks to hire ex-cons

11/19/19

The proposal would allow applicants with minor criminal records to work in the banking industry.

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