SunTrust joins wave of banks cutting ties with private prison industry

The bank said the decision was made "after extensive consideration of the views of our stakeholders on this deeply complex issue."

By Anna Hrushka • July 9, 2019

Banks take wait and see approach to ROI on AI deployment

Gartner's Moutusi Sau said the banking industry as a whole still waits to see actual value from their current AI projects before committing more resources to the emerging tech.

By Anna Hrushka • July 8, 2019

Explore the Trendline➔

Top 5 stories from Banking Dive

Amid a swell of activity, financial institutions large and small are leaning into their aspirations. For PNC, it’s scale. For some fintechs, it’s a charter. For Millbury National Bank, it may simply be niceness.

By Banking Dive staff

Citi first major US bank to join UN sustainability initiative

The U.N. says the principles are meant to align banks with the organization’s Sustainable Development Goals and the Paris Climate Agreement.

By Anna Hrushka • July 3, 2019

JPMorgan Chase opens flagship New York branch ahead of nationwide expansion

The bank plans to hire 3,000 employees as part of its overall expansion, which includes 400 branches in 20 new markets.

By Anna Hrushka • July 3, 2019

ABA, ICBA say overdraft opt-out rule working as intended

Banks are giving consumers a chance to avoid overdraft protection fees, while presidential candidate Corey Booker aims to strengthen curbs even further. 

By Robert Freedman • July 2, 2019

Banking, tech top grads' ideal employer list in new survey

High-profile companies with notable brands and cultures appeal to recent grads the most, the Universum Global survey noted.

By Valerie Bolden-Barrett • June 6, 2019

Bank of America hires 4.7K workers from low- to middle-income communities

The bank said it expects to surpass its 2018 commitment to hire 10,000 workers from this group during a five-year period.

By Valerie Bolden-Barrett • April 29, 2019

55% of US mobile users can't live without cash, study says

While cashless payments promise security and convenience, many businesses are reluctant because of higher costs and some lack of consumer interest.

By Robert Williams • April 22, 2019

Bank of America to raise workers' minimum wage to $20 an hour

"We believe that to best serve our customers and clients, we need the best teams," CHRO Sheri Bronstein said in a statement.

By Valerie Bolden-Barrett • April 11, 2019