Tag: Banking

England banking

British Banking Industry Considers New Rules Tying Executive Bonuses to a Company’s Overall Diversity and Inclusion Efforts

While it’s not unusual for some U.S. executives to receive bonuses based on various diversity goals within an organization, regulators in the U.K. are looking into enacting a more formal and official program linking the two ideas together, making financial services more accountable for their hiring practices. Bloomberg’s Aoife Kearins…

economics workforce

Economics Field Is ‘Too White’ and ‘Too Male’ According to Top Federal Reserve Policymakers

Top Federal Reserve officials from a dozen regional banks met on April 13 to discuss the racial-disparity problem within the world of economics. According to Christopher Rugaber of The Associated Press, “top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the…

Mary Mack to Lead Wells Fargo's Consumer Lending, Community Banking Organizations

Wells Fargo & Company(No. 9 on the DiversityInc Top 50 Companies list) announced today that effective immediately it has appointed Mary Mack to head the company’s Consumer Lending business, in addition to Community Banking, expanding the senior executive vice president’s responsibilities. Mack’s new role includes the Community Banking organization, which…

EY's 2016 Global Banking Risk Management Survey

While banks have materially strengthened their risk management approach from the board level down across risk, compliance and controls since the financial crisis, the industry is still searching for the appropriate blueprints to establish effective risk accountability across the three lines of defense. This is according to EY’s 2016 global…