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Morning Scan: Morgan Stanley Promotions, Q3 Earnings Could Dissapoint

10/02/15

Receiving Wide Coverage ...

Morgan Stanley Promotes Two: The investment bank has rewarded two of its star employees with big promotions, bringing them into the upper echelon of management, Financial Times reported. Edward Pick, who oversaw the resurgence of the bank's stock trading operations, is now global head of sales and trading. And Dan Simkowitz became the head of Morgan Stanley's investment-management division. The two men will also join the bank's operating committee. The Simkowitz move...

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Women in Banking: Deutsche's New Goals and the Leaky Pipeline

10/01/15

One woman on the all-male management board is not too much to ask, especially if it can take two years (or 20?) to get there, Deutsche Bank decides; Goldman, Morgan Stanley and Citi try mending their leaky pipeline, with some success (but sadly, 100 more years of this is what we're looking at, ladies); also get updates on Mary Jo White, Sallie Krawcheck and WomenCorporateDirectors.

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Women Bankers Can Overcome Uneven Playing Field

10/01/15

As men and women in banking work toward achieving workplace equality for all, it's important to remember that women can also cultivate opportunities in their individual careers.

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Female Bankers Can Overcome Uneven Playing Field

10/01/15

As men and women in banking work toward achieving workplace equality for all, it's important to remember that women can also cultivate opportunities in their individual careers.

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Morning Scan: First Niagara Goes Chip-and-PIN; Student Loan Defaults Down

10/01/15

Wall Street Journal With the EMV liability shift to merchants going into effect Thursday, First Niagara Financial Group is bucking expectations and will roll out chip-enabled credit and debit cards that require customers to use a personal identification number rather than a signature. In the lead up to the liability shift, the card industry has chosen chip-and-signature as its standard, despite concerns that having the chip alone does little to curb card fraud. In instituting chip-and-PINÂ...

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Morning Scan: Big Banks Take on Gender Gap; Debating Good Governance

09/30/15

Wall Street Journal

Big banks are ramping up efforts to retain and promote women leaders, the paper reports. The article takes a look at initiatives including a Citigroup symposium that brought together 50 senior women to discuss ways to improve gender diversity and Morgan Stanley's attempt to get more male managers involved in its development program for women at the vice president level. Whether these programs will successfully propel more women into the C-suite remains to...

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Morning Scan: EMV Transition; Does PE Rush Foreclosures?

09/29/15

Receiving Wide Coverage ...

The Card Fraud Blame Game: The switch to chip-enabled cards should be pretty smooth for the average consumer, according to the New York Times. While it may be jarring to dip rather than swipe cards at retailers' payment terminals, the gesture should be old hat soon enough. The paper also raises the question of whether chip cards would be more effective at preventing fraud if customers were simultaneously required to enter four-digit...

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Negative Stereotypes Stifle Women's Banking Careers

09/28/15

Research suggests that women in male-dominated fields like banking and finance often worried about encountering gender stereotypes. This makes them less satisfied in their jobs and more likely to quit.

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Morning Scan: New Probe; Regulating Bitcoin; Mortgage Deal Violations?

09/28/15

Receiving Wide Coverage ... Another Day, Another Probe: Swiss regulators are investigating whether seven banks worked together to manipulate precious-metals trading prices. The banks under investigation by the Swiss regulator WEKO are UBS, Julius Baer Group, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui. Similar probes have already been put underway by U.S. and European Union regulators. Wall Street Journal, Bloomberg, Financial Times. Wall Street Journal Â...

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Women in Banking Special Edition: 'Most Powerful' Rankings for 2015

09/25/15

The rankings of the Most Powerful Women in Banking and Finance include some familiar faces (KeyCorp's Beth Mooney of course), but also plenty of newcomers (including U.S. Bancorp's Kathy Rogers, JPMorgan Chase's Thasunda Duckett and Wells Fargo's Yvette Hollingsworth Clark). We also look at efforts to bring more women into boardrooms and have an op-ed by the CEO of HSBC USA.

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