40.1 F
Fort Worth
Monday, October 26, 2020
Banking Diversity Deficit

Diversity Deficit

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Goldman Sachs CEO David Solomon made waves at the World Economic Forum in Davos by announcing that the investment bank will no longer take companies public unless their board of directors has at least one “diverse” member. Solomon’s announcement drew attention to the lack of diversity among private companies, which have faced less scrutiny and pressure than public traded firms to include more women and minorities in their top ranks. In an interview with CNBC last week, Solomon said Goldman Sachs would implement its new policy in

the U.S. and Europe starting in July, “with a focus on women.” He said the investment bank would start requesting two diverse board members in 2021. Women hold 19% of board seats on Russell 3000 companies, according to ISS Analytics. Among S&P 500 companies, women hold 27% of board seats. As of last year, there were no S&P 500 companies with all-male boards. By contrast, 48% of the 185 U.S. companies that announced or completed initial public offerings in 2019 had all-male boards, according to PitchBook data shared with The Associated Press.

Latest News

Texas Trust Credit Union names Ginia Chapline COO

Ginia Chapline has been promoted from Senior Vice President of Talent to Chief Operating Officer at the $1.5...

Initial public offerings scheduled to debut week of Oct. 26

Initial public offerings scheduled to debut next weekNEW YORK (AP) — The following is a list of initial public offerings planned for...

Southside Bancshares: 3Q Earnings Snapshot

TYLER, Texas (AP) _ Southside Bancshares Inc. (SBSI) on Friday reported third-quarter net income of $27.1 million.The Tyler, Texas-based bank said it...

Bank OZK: 3Q Earnings Snapshot

LITTLE ROCK, Ark. (AP) _ Bank OZK (OZK) on Thursday reported third-quarter earnings of $109.3 million.The Little Rock, Arkansas-based bank that has...

First Financial: 3Q Earnings Snapshot

ABILENE, Texas (AP) _ First Financial Bankshares Inc. (FFIN) on Thursday reported third-quarter net income of $52.9 million.The Abilene, Texas-based bank said...