The Most Powerful Women in Banking

CIT Group's likely sale of its aircraft unit would reduce it to just above the threshold for systemically important financial institutions. Some analysts and investors want CEO Ellen Alemany to downsize the commercial lender further.

Meta Financial Group in Sioux Falls, S.D., has promoted Cynthia Smith, its head of technology and operations, to chief operating officer.

Laura Oberst will take over as Wells Fargo's head of business banking at yearend.

Scott Conway's resignation from the $292 million-asset bank took effect Aug. 29, according to a regulatory filing issued on Thursday by the bank's holding company, Farmers Capital Bank Corp. in Frankfort, Ky.

Wells Fargo has worked toward achieving gender diversity internally, now it's courting women-owned businesses. Sallie Krawcheck says if organizations wanted to fix the gender pay gap, they could — easily. Meanwhile in Silicon Valley, the majors are promising to pay their male and female employees equally, and Accenture finds women on boards are twice as likely to have the right technology experience for a company as their male counterparts.