BankThink

Whether it was their nimble shift to digital, or willingness to interact in new ways with customers in branches, bank employees have met head-on the business challenges posed by the outbreak.

The National Credit Union Administration generally only approves a handful of charters each year, but sustained economic troubles are likely to make launching a new institution even more challenging.

The biggest name, of course, is Jane Fraser, the president of Citigroup who in February will replace Michael Corbat as CEO. Fraser, who has been a mainstay on our Most Powerful Women in Banking list for years, will be the first woman in U.S. history to lead a large, global bank.

Promoted to executive director of the retail bank in April, McKinney oversees an operation that accounts for roughly 40% of Comerica’s workforce and 435 branches in five states.

Lenders are disappointed with a low proposed cutoff for blanket forgiveness, but they said the proposal, which waives applications for some loans, is a good first step.