Tag: Finance

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…

apple, credit, card, algorithm

Apple Card Algorithm Accused of Gender Discrimination

Users of Apple’s new credit card are accusing the company of using lending algorithms that discriminate against women. Financial regulators are now investigating. Software developer David Heinemeier Hansson made his complaints public on Twitter on Nov. 7, saying the credit line Apple offered him was 20 times better than what…

EY launches public finance management blockchain solution to improve efficiency and transparency in governments

Originally Published by EY EY announced the launch of EY OpsChain Public Finance Manager (PFM), a blockchain-enabled solution designed to help governments improve their processes for financial management of public funds. EY OpsChain PFM helps governments drive transparency, provide accountable outcomes for citizens and track budgets, expenditures and results. It…

JCPenney Provides Holiday Sales Performance Update

J.C. Penney Company, Inc. (a DiversityInc Noteworthy Company) has announced that its comparable store sales for the combined nine-week period ending Dec. 30, 2017 increased 3.4 % over the same period last year. The Company also reaffirmed all components of its most recent full-year financial guidance for fiscal 2017. “We…

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…