A redesigned Fifth Third Bank branch in Evansville, Ind., has treadmill workstations and standing desks as part of the bank's commitment to workplace wellness. The branch also features a mothers room and a cafe.
JPMorgan Chase is committing $350 million to programs that train workers for the future. One program is a partnership between the bank and the Aspen Institute to improve community college graduation rates and to prepare students for jobs after graduation.
The Federal Reserve won't raise interest rates again until September at the earliest, said 57% of economists recently surveyed. The Fed's next move could instead be a rate cut, 18% said.
The public will get two chances to comment on the proposed merger of BB&T and SunTrust Banks. The first will be April 25 at the Federal Reserve office in Charlotte, N.C., and the second is scheduled for May 3 at the Atlanta Fed.
Ameriprise may offer retail banking products as early as this summer, sources say. A spokeswoman says the firm has no plans to open physical bank branches.
CEO Tim Sloan should be dismissed from Wells Fargo, said House Financial Services Committee Chairwoman Maxine Waters, D-Calif., after a regulatory filing showed Sloan's 2018 compensation included a $2 million bonus. Waters is expected to reintroduce a bill that would break up banks that have engaged in abusive consumer practices.
The 401(k) solution isn't doing enough to provide secure retirements, and employers are often concerned about the costs of offering these plans. John Scott looks at three promising alternatives: state-level programs, cost-sharing group plans for employers and new savings entities for contingent or independent workers.
The people we surround ourselves with influence our attitude and potential, so try to connect with those who share your ambitions or have already attained them, writes Lisa Evans. "The more time you spend with people who are where you want to be, the more familiar and comfortable you become with that level of success, and the better prepared you can be to achieve it," she writes.
HSBC has added robotic banker Pepper to branches in Seattle and Beverly Hills, Calif. ATM transactions increased 10% when Pepper debuted last year at a branch in New York City, and the bank plans to add the robot to other branches.
JPMorgan Chase economists predict the Federal Reserve will not increase interest rates this year. The bank previously predicted two increases.