The Most Powerful Women in Banking

CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.

The San Antonio company named Judith Frey vice president of digital banking, Maria Alvarez Mann chief information officer for bank technology and Carri Arnold bank technology officer.

Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.

Simon most recently led JPMorgan's director advisory services team, which helps company boards find new members. She'll be retiring at the end of the summer.

The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.