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The outgoing head of the Small Business Administration gets high marks from bankers for cutting red tape, revamping little-used programs, improving outreach, and, most important, convincing lawmakers to raise caps so that banks could make larger loans. »
The $555 billion-asset Canadian company announced Tuesday that Costello plans to retire as its U.S. country head and as president and chief executive of its BMO Financial unit in Chicago. »

First it was Jamie Dimon's cufflinks. Now JPMorgan Chase is cementing its reputation as a fashion-forward bank, with a Marie Claire article about Chief Financial Officer Marianne Lake.

Nancy Graves, who until last week served as assistant director of New Jersey's Department of Banking and Insurance, has joined Pascack Bancorp in Waldwick as president and chief executive.

CEO Michael Corbat continues to reorganize his top ranks, giving new responsibilities to private bank CEO Jane Fraser.
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Sallie Krawcheck (Image: Bloomberg News)
Since being forced out of Bank of America in 2011, Krawcheck has been talking a lot about the business case for gender diversity on boards and in top management. Now she's putting her money where her mouth is — and hopes other women will, too.
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Betsy Lawer, the vice chair and president of First National Bank Alaska, started from the bottom at her family's bank and learned what it takes to drum up business there—including hopping planes to remote parts of the state to make connections.

Sen. Elizabeth Warren (Image: Bloomberg News)
Sen. Elizabeth Warren renewed her inquiry Tuesday into whether government officials have conducted any analysis into the trade-offs of settling an enforcement action without requiring an admission of guilt versus going to trial.
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Royal Bank of Scotland CFO Bruce Van Saun will replace Ellen Alemany as CEO of its U.S. business. He is preparing Citizens Financial for a partial IPO by 2015, though he said in an interview that he is open to "attractive" takeover offers.

Big banks have been among the most vocal supporters of gay rights in the workplace. Many LGBT bankers laud the progress but say diversity efforts still sometimes fall short.
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American Banker Magazine Editor in Chief Heather Landy responds to the charges and examines the possible evidence of her own unconscious bias.
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Catherine Bessant, head of global tech and ops at Bank of America, shares updates on her bank-wide IT streamlining project, new technologies the bank is testing, and tech terms she'd like to see eliminated.
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