The Latest from Women in Banking

Mary Mack testified last week about the cultural problems she encountered after joining the bank's consumer unit in 2016. Recalling small group meetings she held with employees, she said: "People would stand up, and they were fearful."

Collaborations among rival banks and fintechs can be mutually beneficial, Vanessa Colella says. A recent example is a small-business loan portal Citi created that other banks can use.

The U.S. Treasury is creating a new role of point person for racial equity, hiring JPMorgan Chase veteran Janis Bowdler for the job.

Lesher, previously the company’s head of middle-market banking operations on the East Coast, takes over as Wells is making technology investments in the unit.

Ernie Johannson

The CEO of the Buffalo, New York, bank challenged the audience at American Banker's Most Powerful Women in Banking gala to recall the people who have supported them in their careers and thank them by mentoring others — every day.

The Citi CEO, the first woman to head a large U.S. bank, said she received congratulations from hundreds of competitors and colleagues after she was named to replace Michael Corbat as CEO. Fraser spoke at American Banker's Most Powerful Women in Banking gala Thursday night in New York City.

Speaking at American Banker's Most Powerful Women in Banking gala, the former administrator of the Small Business Administration credited her grandmother with inspiring her to succeed in the U.S.

Women — especially Black and Hispanic women — remain underrepresented in banking leadership despite incremental progress because they receive less support than men do to advance beyond entry-level roles, a new McKinsey study says. Here's an overview of the findings.

Citigroup told staff to avoid scheduling calls and meetings from noon to 1 p.m., another step in CEO Jane Fraser’s push to ease workers back into the office.