The McLean, Va.-based company would not say where the jobs are based or how many positions are being eliminated. They come as Capital One's investments in digital technology are yielding efficiency gains.
The job descriptions of Bank of the West's branch employees are about to change substantially, so each of them is getting a 'passport' as a way to record the journey ahead.
Climbing the ladder at a large company can be daunting. At Bank of America, promising women and minority candidates are given personalized attention early on to give their careers a boost.
The company says the tracking devices are a way to reduce office space and know when shared workstations are free, but "hot-desking" also raises questions about whether employees are being spied on.
The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected.
Financial institutions of all sizes are overhauling benefits policies and promoting work-life balance to better compete for millennial recruits with the hipper tech sector. The big changes include longer periods of paid time off for new parents.
