The Bob Woodruff Foundation is a charitable partner of the "Veterans on Wall Street Foundation," which promotes the development and retention of veterans in the financial services industry.
Anne Marie Dougherty, Executive Director of the foundation, and Ruth Christopherson, senior vice president at Citi Community Development and Citi Salutes, joined Cheddar to discuss how veterans joining the workforce have been able to thrive on Wall Street.
Christopherson explained that when it comes to helping veterans, competing banks are in the same team. The executive told Cheddar that Citi comes together with other banks to educate companies on the value of hiring veterans.
A combination of educational initiatives, mentoring, outreach to the military, employee affinity groups, and an annual conference, allows Veterans on Wall Street to promote career development, support, and retention of jobs for veterans, in the global financial services industry.
Veterans on Wall Street also hopes to break into other sectors including Silicon Valley, real estate, and hospitality. Dougherty believes there is a lot of potential in expanding the foundation beyond finance.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened lower after the opening bell and on track for its first decline in 10 days after a recent winning streak.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Monsanto was ordered to pay $857 million to students and parent volunteers at a Washington school.
A federal judge has struck down hundreds of lawsuits filed against the makers of Tylenol and generic acetaminophen.
California regulators are preparing to vote on new rules for turning recycled wastewater into drinking water.
