The 157 FDIC-insured minority depository institutions tend to lag community banks overall in terms of profitability, but the sector is seeing higher loan growth driven by commercial real estate, according to an FDIC report today.
Twenty-two House Democrats today urged the Federal Reserve to ensure it recruits a diverse candidate pool for the presidency of the Federal Reserve Bank of Richmond, which Jeffrey Lacker will vacate in October.
ABA today congratulated the women named to American Banker Magazine’s “25 Most Powerful Women in Banking” and “25 Women to Watch in Banking” lists.
The federal banking agencies said today that they are now urging banks to conduct voluntary diversity self-assessments.
The Office of Management and Budget has approved the federal banking agencies’ voluntary diversity self-assessment, the agencies said in a Federal Register filing.
Securities and Exchange Commission staff are working on a proposed rule that would require public companies to include in their proxy statement “meaningful disclosures” of the race, sex and ethnicity of their board members and board nominees, SEC Chairman Mary Jo White said in a speech yesterday.
Six financial regulators today issued a set of final guidelines for the firms they oversee to assess their diversity policies and practices.