Demographics

Director tenures, nominations and committees are changing after an independent task force identified weaknesses.

The bank also created a new consumer and wealth-management division co-led by Stephanie Cohen, one of the firm’s most-senior female bankers.

“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” said Beatriz Sanchez, the bank’s head of the Americas.

The executive who helped guide Goldman Sachs’ embrace of Main Street is giving up his post in a management shuffle at the consumer unit.

As Wells Fargo CEO Charles Scharf himself admitted, it’s an excuse — and a weak one.

Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."

While some big Wall Street firms are seeking to get staff back to the office, there are already signs of how challenging that could be.

That decision was “heavily debated” and so far the company has found that its operations have fared well with remote work, Jose Minaya said at a conference.

The firm’s talent-analytics associate director had claimed the company hired fewer women than men and that she was paid less than her male counterparts.