Citi CEO institutes 'Zoom-free Fridays,' encourages vacations to combat virus-related fatigue
CEO Jane Fraser is also asking employees to try and limit scheduling calls outside of traditional working hours and on weekends.
Goldman CEO says he’ll try to get exhausted, 100-hour-a-week workers Saturdays off
An elaborate slideshow, which was shared with managers, includes testimonials of working 20-hour shifts that one worker called “inhumane.”
Bank branches to disappear by 2034: new research
A new study has reinforced the view that traditional banks are on the decline, citing advancements in technology and internet access for the continuing trend.
Morgan Stanley's PAC resumed donations weeks after Capitol riot pause
Morgan Stanley's political action committee (PAC) resumed donations to lawmakers in February, weeks after it had announced a pause following the Capitol riots, according to a federal filing.
Tired Goldman Sachs underlings beg to work ‘just’ 80 hours a week, instead of 100
The gripes come from a disgruntled group of 13 first-year analysts in Goldman’s investment banking unit who surveyed themselves about their work woes — and then organized them into a detailed PowerPoint presentation that has since spilled onto social media.
Republicans push banking access bill to prevent discrimination based on 'woke' cancel culture
Sen. Kevin Cramer, R-N.D., and Rep. Andy Barr, R-Ky., said they are taking aim at the influence of "woke corporate cancel culture" on banking.
Stimulus check deliveries by big banks begin Wednesday morning
The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments.
JPMorgan plans for summer office return for interns as COVID-19 restrictions ease
The major U.S. bank is planning on welcoming back hundreds of interns for when their summer programs kick-off.
Man receives 64 replacement debit cards from bank: 'Can’t be too careful'
A man has reportedly received 64 replacement debit cards from his bank over the course of several months.
Banks start processing $1,400 federal stimulus checks
Banks have begun processing $1,400 federal stimulus checks for many Americans as part of President Biden's $2 trillion COVID-19 relief package.
JPMorgan Chase taps $30B to advance racial equity
JPMorgan Chase has announced a series of new initiatives Tuesday to support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs) as part of a $30 billion commitment to advancing racial equity over the next five years, especially for Black and Latinx Communities.
Veterans to receive new banking, financial service options from Department of Veteran's Affairs
The VA delivers approximately $118 billion annually in benefits and services for veterans and their families, ranging from disability compensation, pension and fiduciary, education, home loan guaranty, vocational rehabilitation and employment, life insurance, and transition and economic development.
Wells Fargo invests in six Black-owned banks for Black History Month
Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities.
Banks brace for tougher rules under Biden on consumer protection, fair lending
Financial regulators are expected to emphasize racial equity as they focus on consumer protection and expanding access to financial services.
Charles Schwab, TD Ameritrade parent, has 'technical issues' due to 'unprecedented week in investing'
Charles Schwab on Thursday notified users of technical difficulties due to an "unprecedented week of trading."
Goldman CEO David Solomon takes $10M pay cut for Malaysian investment scandal
The bank will withhold $174 million in compensation from current & former execs
Deal offers more banking services for California pot firms
A state credit union that will provide checking, wire transfers and other banking services for more marijuana companies
Top US banks' tax bill could surge $11B under Biden administration
Top American banks could see their tax bill rise surge if President-elect Joe Biden forges ahead with his campaign pledge to increase the corporate rate.
GM, Goldman Sachs, Mastercard join forces on credit card venture
General Motors, Goldman Sachs and Mastercard are joining forces to create co-branded, rewards-based credit cards this year.
Wells Fargo CEO says bank is ‘capable of much more’ after coronavirus impacts earnings
Wells Fargo & Co. reported fourth-quarter earnings that were mixed, as the company continues to be hampered by the coronavirus pandemic, as well as ongoing issues at the bank.

















