KeyCorp names finance exec as new chief diversity officer

01/26/18

Kim Manigault, who previously was chief financial officer for the company’s technology and operations organization, will be responsible for ensuring that Key continues to make diversity and inclusion a priority in hiring.

[more]

Breakthrough: More women running banks’ legal departments

01/26/18

Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their senior ranks.

[more]

B of A's brush with sexual harassment shows need for more openness

01/26/18

Bank of America employees force harassment charges against Omeed Malik out in the open, raising questions about how departures like his are handled. Plus, Jessica Chastain sets an example, and Larry Nassar's group of enablers needs to be made into one.

[more]

Massive crypto hack highlights need for custody solutions

01/26/18

The Japanese cryptocurrency exchange Coincheck says roughly $400 million of the digital currency NEM was stolen. If banks and others are to invest in the digital-asset industry, it will have to do better.

[more]

Blowback from B of A's halt to free checking spreads to Hill

01/26/18

Reps. Elijah Cummings and Jimmy Gomez, both Democrats, questioned why B of A would stop offering accounts that are popular with low-income consumers when it stands to reap huge financial benefits from recently passed tax cuts.

[more]

Moynihan: '50-50 chance' next B of A CEO is a woman

01/26/18

Bank of America Chief Executive Officer Brian Moynihan said when he's ready to give up the job, the odds are split on whether his successor will be a woman.

[more]

Bill to boost SBA lending comes with strings attached

01/26/18

The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.

[more]

Taking aim at bitcoin; CFPB delays prepaid card rule

01/26/18

Several banks won’t process cybercurrency transactions while others are reviewing their policies; agency promises flexibility to lenders.

[more]

‘Is anyone [in] this Administration clean?’: Comments of the week

01/25/18

Readers weigh in on how Mick Mulvaney is remaking the Consumer Financial Protection Bureau, chime in on JPMorgan’s plans to roll out more branches, react to fee income trends and more.

[more]

SVB's profits jump on stronger venture lending, wider margins

01/25/18

Earnings at the Santa Clara, Calif., company were boosted by a 16% increase in lending, as well as gains on the company's investments in Roku.

[more]