Corporate governance

Most Powerful Women in Banking: Andrea Smith, Bank of America


Smith, BofA's chief administrative officer, is leading the bank's push to tackle economic mobility challenges in its 91 markets.


Timing right for banks to embrace apprenticeships, advocates say


The American Association of Bank Directors is setting up an on-the-job training program to help banks reach a younger and more diverse group of prospective employees.


BofA leads effort to draft global ESG standards for public companies


An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.


Will backlash over Scharf remarks hinder Wells Fargo’s diversity push?


The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking. But CEO Charlie Scharf’s reference to “a very limited pool of Black talent” for important jobs may make it harder for Wells to meet inclusion goals.


Results-driven Fraser just the ticket for fixing Citi, associates say


Jane Fraser, who is poised to become the first woman to lead a major U.S. bank, possesses turnaround experience and strong interpersonal skills that make her well suited for mending fences with regulators and investors, according to present and former colleagues.


Pressure mounts on U.S. bank regulators to stress test for climate change


Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.


JPMorgan adds consumer bank CEO Duckett to leadership team


JPMorgan Chase added a half dozen executives, including Thasunda Brown Duckett, to its operating committee in the biggest expansion of its top leadership group in years.


No easing into the job for Citi’s Fraser


When Jane Fraser takes the reins of Citigroup in February, she will have to tackle the company’s cards slump, lagging performance metrics and challenges presented by employees’ return to the office.


Citi's Corbat years: The good and not-so-good


Michael Corbat won praise for turning the page on the financial crisis and for advancing gender equity in the workplace. But after eight years at the helm, he has failed to deliver the returns that investors have come to expect of Wall Street banks.


Citi promotes Carla Hassan to chief marketing officer


Citigroup named Hassan to the new role as part of a move to combine its marketing and branding divisions.