The Most Powerful Women in Banking

Fifth Third Bancorp has hired Citigroup's Melissa Stevens to the newly created position of chief digital officer and head of omnichannel banking.

The speculation is that Maria Vullo, who is waiting to be confirmed as New York's new banking superintendent, is less interested in being on the 6 o'clock news than Ben Lawsky was. A study shows that companies sap women of ambition to advance within two years, an effect that doesn't happen with men in part because they tend to get more encouragement. But is it any wonder women feel that way when — even now, it appears — they might get fired for refusing to wear high heels at work? Also, Sallie Krawcheck, Sheila Bair and Elizabeth Warren.

BMO Harris Bank in Chicago has hired a former M&T Bank executive as its chief information officer.

Sallie Krawcheck unveiled Ellevest, a digital investment platform for women and the latest of her female-oriented ventures, on Wednesday.

Ellen Alemany stays the course on CIT's turnaround strategy; Robin Rankin of Credit Suisse talks about when investment banks should re-enter emerging markets; and Sallie Krawcheck talks about the opportunity for career women to become entrepreneurs.