Special Program Root Tag

For much of last year, Titi Cole wore multiple hats. She was head of operations and fraud prevention for Citi's consumer bank, where she launched new fraud-detection capabilities, strengthened risk controls with enhanced governance oversight for issue and third-party management, and invested in controls automation and digital monitoring.

Sandy Pierce was in the midst of transforming how Huntington Bank delivered advisory services when her counterpart in the company's community banking unit left for a new job.

Dorothy Savarese stepped down this year as president and CEO of Cape Cod 5, the bank she led for 17 years. But as executive chair of the bank in Hyannis, Massachusetts, her schedule remains packed even if it's more compact.

Yie-Hsin Hung, one of the few female CEOs in the asset management industry, has made it a priority to address issues of global warming and social inequality at New York Life Investment Management.

Glenda Pedroso has spent her entire 35-year banking career in Miami. But in her new position at Northern Trust, she's doing a lot more traveling.

Florence Pourchet has been with BNP Paribas for 30 years, and is the bank's most senior female executive in the Americas. She has been the regional head of the bank's ESG initiatives since 2011.

After filling various roles at the Columbus, Georgia-based bank for almost 20 years, Liz Wolverton was tapped to lead the consumer bank in December 2021.

Last year, HSBC USA made the decision to exit its U.S. mass market retail banking business. Kavita Mahtani, CFO of the Americas for HSBC, played a crucial role in the process.

It was a strong first full year for Kristy Fercho, who was named head of Wells Fargo home lending in July 2020, landing her the top spot on the Most Powerful Woman to Watch list.

Michal Katz, head of investment and corporate banking at Mizuho Americas, helped orchestrate two of the largest acquisitions of early 2022.

JPMorgan's global mergers and acquisitions practice hammered out 637 deals in 2021, and the nearly 250 M&A professionals that Anu Aiyengar supervises racked up $4.1 billion in fees last year.

Looking back on her 44 years in finance, Christina Mohr, vice chair of global M&A at Citi, is pleased by the ways the industry has changed for women investment bankers.

Investment banks were ordered to pay $1.8 billion in fines last week for employees' unmonitored communications on messaging apps like WhatsApp. Experts say other banks could also be subject to such fines if they're not careful.

Daniel D. Robb of Jonesburg State Bank takes over as chairman of the American Bankers Association, which elected officers and board members for 2022-23 at its annual convention.

The Society for Worldwide Interbank Financial Telecommunications said its new capability, which lets users track trades from order to settlement, will be broadly available next year.

In a report published Tuesday, the nonprofit Finance Watch estimates that the 60 largest global banks have about $1.35 trillion of credit exposures to fossil fuel assets.

Financial institutions of all sizes — from JPMorgan Chase to SouthState to Fairwinds Credit Union — have reopened many branches, rolled out mobile banking units as well as reemployed pandemic-era digital and loan-forgiveness strategies in parts of Florida and South Carolina devastated by the powerful hurricane.

Four of the seven large banks that own Zelle's parent company, Early Warning Services, said they are reimbursing 15% to 55% of consumers that report fraud on their accounts, according to a report released by Sen. Elizabeth Warren, D-Mass.

A criminal group called Prilex has stolen millions in a scheme involving fake repair people installing malware on point of sale terminals.

Customers Bank, Cogent Bank and Western Alliance bank settled 400  transactions among themselves in real time, over the course of eight hours.