The Most Powerful Women in Banking: No. 4, Gunjan Kedia, U.S. Bancorp
In early May, Kedia was promoted to president of U.S. Bancorp. She was previously vice chair, wealth, corporate, commercial and institutional banking at U.S. Bank.
The Most Powerful Women in Banking: No. 5, Holly O’Neill, Bank of America
As president of retail banking, O’Neill said she is focused on putting clients on a path to financial health, delivering “a great experience” and transforming the business while applying technology in support of those objectives.
The Most Powerful Women in Banking: No. 12, Deborah Guild, PNC Bank
Guild has seen the “complexity of attacks against the sector and our customers” rapidly increase for the more than three decades that she herself has been working at the intersection of banking and technology.
The Most Powerful Women in Banking: No. 6, Wendy Stewart, Bank of America
Stewart took over as head of commercial banking three years ago as the country was coming out of the pandemic and several of the people on the commercial bank’s leadership team were getting ready to retire.
The Most Powerful Women in Banking: No. 10, Lori Beer, JPMorgan Chase
As global chief information officer, Beer is responsible for the bank’s global technology systems and infrastructure and manages a $17 billion budget. She oversees more than 63,000 technologists and has 18 direct reports.
The Most Powerful Women in Banking: No. 24, Hope Dmuchowkski, First Horizon
Dmuchowski, CFO at First Horizon, got her start in the industry more than 20 years ago at Deutsche Bank.
Why megabanks are seeing the value in new branches
Bank of America said Monday that it’s planning to open 165 new branches by the end of 2026. As brick-and-mortar locations remain critical for adding new customer accounts, JPMorgan Chase and Wells Fargo are also making targeted additions to their branch networks.
Capital One-Discover emerging as key proof point of Fed merger policy
While other Washington regulators revise their approaches to merger reviews, the Federal Reserve has made no official change to its framework. The $35 billion merger could demonstrate just how differently the central bank is approaching the issue — if at all.
As banks adopt AI, here are 3 climate techs that could lessen its energy toll
Investors and startups see the AI boom in financial services and across the economy driving the necessity for cleaner power.
BofA settles N.J. lawsuit over customer accounts frozen during pandemic
The suit was filed by three New Jersey residents who alleged that BofA froze their prepaid debit cards during a pandemic-era fraud wave, blocking them from accessing unemployment benefits.