Financial institutions

As a longtime commercial real estate lender and one of highest-ranking women at Key, Mago has made it her mission to improve female and minority representation at both the bank and in her industry.

Smith's biggest responsibility these days is overseeing the replacement of Zions' core loan and deposit systems — a multi-year effort costing hundreds of millions of dollars — but she's taken great care to ensure that the conversion project is not standing in the way of other tech priorities.

Anne Finucane has led Bank of America's effort to reorient itself as the U.K. attempts to leave the European Union, helping to set up the bank's European headquarters in two new locations.

When Sharon Miller was tapped to lead small business banking at Bank of America, she says it was her dream job. "In my three years in this role, I feel I've helped elevate our small business capabilities beyond what I envisioned," she said.

See American Banker's 17th annual ranking of the Most Powerful Women in Banking and Finance.

At this year's Inclusiv conference in Los Angeles, leaders from CDCUs across the country offered their thoughts on what could most benefit their institutions.

By turning to investors outside traditional banking, private-equity firms are finding it easier than ever to get loans to finance their buyouts of corporations that are nowhere close to being profitable.

Mooney was the first woman to lead a top-20 U.S.-based bank. Gorman, the Cleveland company's vice chairman and president of banking, will replace her on May 1.

As the industry considers a movement-wide focus on diversity and inclusion, some at the annual Inclusiv conference say there are opportunities for credit unions to better serve immigrants and have more diverse staffs.

Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group.

Muneera Carr, Comerica's CFO since 2017, will leave in October and James Herzog, who had been the bank's treasurer, will serve as interim CFO until a successor is named.

The largest financial institutions have a golden opportunity to capture more market share because of the under-40 crowd’s decided preference for digital banking, J.D. Power says. Yet so do nonbanks.

The FDIC's latest report on deposit market share shows the nation's seven biggest banks flexing their muscles, while smaller banks' market share gets smaller.

Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022.

The Pittsburgh company is sticking with its plan to grow through expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.

Its new training program will try to make commercial bankers out of professionals who left the workforce and want back in. It is another example of a bank getting creative in a tight job market.

Skip Brown, an executive with Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.

A legislative measure would have made the Golden State the first in the nation where aggrieved borrowers could sue their servicers. The bill was delayed until 2020 after banks and other financial companies expressed opposition.

The Fed is seeking feedback on a "Building Block Approach" to risk-based capital standards for firms heavily engaged in insurance activities.