The Most Powerful Women in Banking

Though the general counsel and head of compliance at TD Bank is primarily responsible for making sure the bank's business units are playing by the rules, Ellen Patterson says it is also her team's mission to root out inefficiencies that might be slowing down decision-making and causing pain to customers.

Michelle Di Gangi is quietly building Bank of the West into a force in small- and midsize-business lending.

Retaining top talent is a priority for Joan Parsons, Silicon Valley Bank's executive vice president for corporate banking, so last year she launched an internal development program that provides top employees with new experiences and challenges that might ultimately prevent them from jumping ship.

This year, KeyCorp executed the second-largest bank acquisition by deal value since the financial crisis and announced a groundbreaking commitment to do $16.5 billion of lending to low- and moderate-income communities across several states. Chairman and CEO Beth Mooney also purposely raised the visibility of other executives at her company, to bring more diversity of thought into the company’s decision-making process. But Mooney doesn't see an end to her days of trailblazing yet.

The staff at the Securities and Exchange Commission is working on a proposal to amend the current diversity disclosure rule to require more specificity, including information on the race, gender and ethnicity of board members and nominees. Here's why.