Can top performing women have it all? Yes—but it takes some doing, according to a confidential survey of 46 of 75 honorees this year. The difficult economic and financial climate is visible with wide swings in responses to some survey questions. This year’s honorees overwhelmingly — 67 percent — said “commitment to doing what it takes to get the job done” has played the biggest role in their professional success; last year only 41 percent said so. And, in times of crisis, leadership takes center stage. Some 77 percent of respondents said “leadership ability” is their greatest professional asset, last year only 43 percent chose this first.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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