Citibank gets House Republican subpoena related to Jan. 6 privacy concerns
The subpoena is part of a growing Republican narrative that Democrats have weaponized the Federal Bureau of Investigation against conservatives.
Ally Bank’s foray into generative AI: ‘We don’t want to stand still’
The bank developed its cloud-based Ally.ai platform within months. Now it has rolled out its first use case: summarizing customer service calls so the agent doesn’t have to multitask.
Goldman plans hiring spree to fix lapses after increased Fed scrutiny
The Wall Street firm is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to people with knowledge of the matter.
Reach out to employees before unionizing becomes an issue
There has been a recent surge in organizing efforts among credit union employees. To discourage this, leaders should pay workers well, provide good benefits and be accessible.
Management shouldn’t view unionization efforts as a threat
Unionizing a workplace is an arduous process, meaning that employees who organize are dedicated to change. Executives must seize on these moments to address workers’ concerns instead of reacting defensively.
Large bank pressure may be spurring credit union mergers in Minnesota
Giants like JPMorgan Chase and Bank of America expanding in the state could accelerate credit union consolidation, as evidenced by two recent deals.
Crypto users must be able to trust their wallets more than their bank
There is an urgent need for a new class of security solutions that will allow people to retain control of their decentralized financial lives with confidence and safety.
Western Union spinoff Convera aims to double international B2B payments
The company, which became independent in July, will rely on the cloud to reach new markets.
Edward Jones teams up with Citi to provide retail banking services
After an aborted attempt to set up its own bank, Edward Jones is joining forces with Citi to provide savings and checking accounts for clients.
In debate over appraisal bias, rival researchers clash over key data
A 2018 report laid the groundwork for the Biden administration’s push to root out discrimination in home valuation. A counter study says no such practices exist.