Citi says female employees earn 29% less than men

01/16/19

The bank also reported that, among its U.S. employees, people of color earn 7% less than their white colleagues.

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Fiserv buying First Data in $22 billion deal to build fintech scale

01/16/19

Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies. Fiserv shareholders will own almost 58% of the combined company, with First Data's shareholders holding the rest. The acquisition is expected to close in the second half of 2019.

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Fiserv to buy First Data; Good quarter for BofA, Goldman

01/16/19

The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations.

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BofA’s retail bankers pick up slack for beleaguered bond traders

01/16/19

Retail banking loans rose 5% at Bank of America, which also reported a 3% increase in consumer deposits and a 12% leap in net interest income in consumer banking.

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Can Wells Fargo grow while under Fed's thumb?

01/15/19

Now that Wells must abide by the central bank's asset cap through year-end, it may have to divest more nonessential assets and take other steps to open up room for core loan growth.

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Hard Brexit is a systemic risk to U.S. banks

01/15/19

A no-deal Brexit could throw the international swaps market into disarray in a way that could be difficult to predict, and could have dire consequences for U.S. banks and the world economy.

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Warren probes ethics officials over Mulvaney's job discussions

01/15/19

Sen. Elizabeth Warren is asking whether acting White House Chief of Staff Mick Mulvaney's reported talks to be president of the University of South Carolina violated the Stop Trading on Congressional Knowledge Act.

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Is Jamie Dimon warning of a downturn?

01/15/19

Loans grew 6% at JPMorgan Chase, but the bank is "not going to be stupid" and assume that will last forever, its CEO says. Here are some precautionary steps it's taking.

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Five financial health startups now under the wing of JPM, CFSI

01/15/19

The Financial Solutions Lab, a joint initiative, has announced the winners of its annual competition to identify solutions to consumer financial challenges, this year focusing on startups dedicated to improving financial health in the workplace.

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Santander hires health care professional for specialized banking post

01/15/19

Emily Vaughan Alexanderson will lead a group focused on education, nonprofit, technology and life sciences clients.

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