Workforce management

Banks ramp up child care, home-schooling support for working parents


As their employees continue to navigate the challenges of balancing work and home life during a pandemic, banks are pitching in to offer everything from child care reimbursement to nanny placement to tutoring services.


Big banks hire 19,000 with pandemic boosting demand for services


Eight of the top 15 firms increased headcount this year through June, while only four reduced it.


Dimon, Corbat, Moynihan among CEOs pledging to hire 100,000 New Yorkers


The promise, made by the chief executive officers of 27 companies including JPMorgan Chase, Citigroup and Bank of America, is part of a new initiative called the New York Jobs CEO Council.


Wells Fargo extends work from home until at least Oct. 1


“We do not yet know when we’ll return to a more traditional operating model,” a company spokesperson said.


Former KeyBank executive takes the helm at Alliant Credit Union


Dennis Devine, who has held leadership roles at several banks, is taking over immediately at the Chicago-based institution after David Mooney announced his retirement.


Five Star is latest bank to shutter branches amid decline in foot traffic


The Warsaw, N.Y., bank said it will close 10% of its branches and lay off 6% of its staff in response to customers’ growing preference for remote banking.


Core conversions go virtual amid pandemic


Switching core banking systems has long been done face to face, but the coronavirus has driven the process into the digital arena. The change could be permanent.


Banks are ditching London offices and not just because of COVID-19


With thousands of job cuts likely to follow what's forecast to be the worst recession in three centuries, the tenants of the glass and steel towers that dominate the City of London and Canary Wharf may face an even bigger retreat.


Citi pulls back on plans for office return in 13 states


The bank is rethinking its plans for bringing back worker in Texas, Florida and other states where new coronavirus cases are surging.


Apprenticeships at center of Massachusetts bank's diversity push


Reading Cooperative Bank recently launched a program that aims to hire young Black and Hispanic adults from low-income communities. Its leaders say it’s part of a broad strategy to develop new pipelines of talent and better serve low-income communities.