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The company will be restructuring its executive team as it prepares to go public, with the board looking for a new chairman and a new president.

Derek Flowers, a 24-year company veteran, will replace the retiring Amanda Norton. Flowers' familiarity with the megabank's operations will help as it continues working through regulatory consent orders, CEO Charlie Scharf said.

Chief Operating and Growth Officer Pat Dodd becomes interim president and CEO following Frank Martell’s move to non-executive chairman of the company’s board.

Bob Walters' decades of experience with the brand offers stability as it fights to remain at the forefront amongst its competitors in mortgage and related businesses.

Total U.S. jobs came in below consensus estimates in December, according to the Bureau of Labor Statistics.

Tim Birkmeier, chief revenue officer at Rocket Mortgage, adds the president's role as part of the changes.

Branches across the country have closed temporarily, or switched to drive-thru service, as infections and quarantine rules have forced many bank workers to stay home.

Also: The MBA gets two new vice presidents, Sagent adds a sales veteran and the Amherst Group hires an MBS portfolio manager.

Experts discuss the proliferation of chief diversity officers across the industry and what it may mean for future progress in diversity.

Wayne County, Michigan's use of Delinquent Tax Anticipation Notes is an extreme example of a nationwide phenomenon: Local officials use fines and foreclosures or tax lien sales as cudgels against people who haven’t paid their property taxes. Some municipalities’ efforts to securitize or sell the debts have led to a broad, upward transfer of wealth that’s rooted in fundamentally unfair tax systems.