Women in Banking

BofA’s Bessant on responsible AI, cyber attacks and data encryption


Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyber attacks and data encryption.


Did JPMorgan just tip its hand on a succession plan?


Marianne Lake, seen in recent months as a leading candidate to replace CEO Jamie Dimon, got the post she may have needed to round out her resume — consumer lending chief. And Jennifer Piepszak, another rising star at the company, will take over as CFO from Lake.


SunTrust CFO to depart following merger with BB&T


Allison Dukes says she will not be joining the combined company because she wants to remain in Atlanta, where she is involved with a number of civic and philanthropic organizations. The merged company will be headquartered in Charlotte, N.C.


HSBC sexual harassment case shows banks' struggles in MeToo era


In the MeToo era, financial firms the world over are struggling to handle complaints of sexual harassment. A case in point: HSBC.


Former top New York regulator joins New York’s FinTech Innovation Lab


New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators.


Post-crisis organizers find a whole new de novo ballgame


While regulators now seem eager to help, organizers are discovering that they must raise more capital and have diverse business models to get charters approved.


John Mack, Mary Meeker leaving LendingClub board


The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.


McMahon to step down as SBA chief to work on Trump campaign


Linda McMahon is planning to step down from leading the Small Business Administration to help raise money for President Donald Trump’s re-election campaign, according to people familiar with the matter.


Goldman Sachs says U.K. women earn half as much per hour as men


Goldman Sachs pays women in the U.K. an average of 50.6 percent less than male colleagues per hour, although this is an improvement on the 56 percent gap the Wall Street firm reported a year ago.


Credit union executive calls out sexist behavior at CUNA conference


In a post to a social networking site, Rachel Pross, chief risk officer at an Oregon institution, described unwanted touches and inappropriate comments by male executives and directors at the event.