Workplace

CEO Dominik Mjartan is stepping down after Optus Bank increased its assets more than 1,000% over seven years.

Bringing in new talent is an essential part of building a business that endures. So, why are so many managers content to tolerate a hiring process that drives talented individuals away?

The job reductions come as the card network focuses on emerging markets, artificial intelligence and other nascent technology over transaction volume.

The change will allow the Wall Street firm's material risk takers to now earn a bonus that's as much as six times their base salary.

Nadine Ahn was terminated on April 5 along with fellow exec Ken Mason after the bank received an anonymous tip that the two were romantically involved. Both deny it and are suing the bank for millions.

A female employee is now suing ICAP and Citigroup, alleging she was subjected to years of unwanted sexual attention and threats by a Citi trader.

The Long Island-based thrift, long associated with multifamily and CRE lending, saw business lending spike the past year as it onboarded 15 banking teams. Other banks that did significant hiring have also reported more deposits and wider margins.

New executives were lined up for lenders across the country, including Fremont Bank in California.

Former employees' Minnesota lawsuit accuses the bank of overpaying for prescription drugs, claiming mismanagement of the bank's health plan drove up costs for workers.

The lender denied its software uses artificial intelligence in fighting a 'digital redlining' case.