The Most Powerful Women in Banking

Mary Mack is beginning damage control as she overhauls Wells' sales culture; Dorothy Savarese talks diversity of bank sizes as she becomes chairman of the ABA; and Elizabeth Warren implores the president to demote Mary Jo White. Also, industry manbassadors talk work-life balance and the importance of flexibility for women as Visa's CEO resigns to devote more time to family. And a couple of small activist firms are taking on gender bias at the world's largest companies.

Rather than continuing to invest in inclusion initiatives that fail to drive diversity, banks should embrace these three programs instead.

Many have linked the gender gap in financial services to the difficulties in balancing work pressures with family demands. To help address this, paid family leave should be compulsory in the industry.

Dorothy Savarese, the head of Cape Cod Five Cents Savings Bank in Massachusetts, seeks a financial system where the rules encourage community banks and big banks to do the things that they are best at.

Geena Davis made a rousing speech on unconscious bias at the annual gala for our "Most Powerful" honorees. Sheila Bair writes about the importance of hiring and promoting women, while Ghela Boskovich warns that doesn't necessarily give women a voice in their organizations. Also, Avid Motjtabai, Jamie Dimon, Julie Stackhouse and a real-life Peggy Olsen.