Investment banking

In our Most Powerful Women rankings, you'll read about a lot of impressive female leaders. But there are still more standouts we'd like to introduce you to. These five offer proof that big changes are possible in just a short time.

A New Jersey politician has downplayed his Goldman Sachs career. The move shows that bankers have a ways to go rebuilding credibility with voters, though factors such as party affiliation, location and the type of banking career also matter.

William Tirrell, the former head of regulatory reporting at the bank's Merrill Lynch unit, negligently caused the firm to violate securities rules but will pay no penalty, the SEC says.

Bank of America plans to provide a premium package that includes speaking directly to analysts, attending conferences and meeting senior executives of major companies and policymakers.

New York-based Cain Brothers advises both for-profit and not-for-profit health care organizations on mergers and acquisitions and financing strategies.

New technologies are poised to sweep through investment banks, relieving many rank-and-file employees of roughly a third of their current workload, according to McKinsey & Co.

The Japanese firm is expanding its U.S. investment banking unit to look more like its bigger Wall Street rivals.

CIT will provide revolving and term loan commitments of up to $100 million through a partnership with the Northbrook, Ill., insurance company.

Wells Fargo, which is expanding its investment banking unit, has hired Mike Mayo to oversee U.S. large-cap bank research.

Stuart Scott was apprehended at the request of the American government as part of a probe into foreign-exchange-trading practices.