Bonnie McGeer
American Banker
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Past articles by Bonnie:
Most Powerful Women in Banking: Next 2021
Many of the 15 executives selected for our Most Powerful Women in Banking: Next list are in roles that took on outsize importance in a year punctuated by a global pandemic, economic free fall and widespread protests over police brutality and racial inequality. → Read More
How crypto and blockchain made inroads into financial services in 2020
Government officials and many bankers remain wary of digital currencies, but they'll have to learn to live with them. Here are 15 stories about how cryptocurrencies and the technology underlying them are becoming more embedded in the financial industry. → Read More
BNP Paribas USA appoints Claudine Gallagher as new HR head
The promotion is the second this year for Gallagher, who will remain in her current role as chief conduct and control officer until a replacement is found. → Read More
A purpose-driven CD and other ideas for advancing economic justice and diversity
Funds from a certificate of deposit at Berkshire Bank will help fuel lending to minority-owned small businesses. Mellody Hobson explains why merely ‘working on diversity’ is not good enough. And Wells Fargo ties compensation to progress on diversity targets. → Read More
Data privacy, AI, regulation: Small-business lending is changing fast
The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills. → Read More
Big gains, but warning signs: The top 200 publicly traded community banks
Profitability improved significantly last year for banks with less than $2 billion of assets, but not because of anything they did. Some troubling trends lurk beneath those big gains too. → Read More
BofA’s Bessant on responsible AI, cyber attacks and data encryption
Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyber attacks and data encryption. → Read More
Wells Fargo speculation, female-friendly fintechs and Most Powerful Women on the move
Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus two of the Most Powerful Women in Banking retire and a third jumps to Amex. → Read More
Say Watt? Former FHFA head gets sniffy about his misconduct, and proxy pressure builds
Mel Watt calls FHFA watchdog “sexist,” after it concludes he’s guilty of sexual harassment. State Street sues the "Fearless Girl" sculptor. Banks big and small face mounting pressure on gender pay gap and board diversity. And another top 40 U.S. bank might get a female CEO. → Read More
How Citi will shrink its pay gap, and beware those freshman renegades
Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive freshmen females who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity. → Read More
The princess and the paycheck, Blythe Masters' exit and #MeToo paranoia
An accusation of sexual discrimination plays out in court for BNP Paribas; Jeffries’ top execs chastise Wall Street men over #MeToo paranoia; blockchain startup loses Blythe Masters; and RBS might make history with a female CEO-CFO duo. → Read More
Introducing Women in Banking: Next (and how to apply)
Recognize high-achieving women in the pipeline and celebrate diversity across the industry. Nominate a female executive who is age 40 or under for Most Powerful Women in Banking: Next. → Read More
Mary Meeker's audacious goal, Wells Fargo's gender drama and Goldman's new partners
Wells Fargo explains to the 'girls' that there really is no gender bias, but that guy is retiring, ok? Rana Yared is one of Goldman Sach's 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups. → Read More
A new female CEO at a top 50 bank and an unexpected exit at BofA
Win one, lose one. One of the country’s 50 largest banks hires a female CEO, making JPMorgan Chase’s Kelly Coffey only the third woman in that exclusive club. Bank of America’s Michelle Moore exits the workforce. And sexual harassment prompts a walkout at Google. → Read More
Portrait of a Goldman Sachs executive as a political wife
Goldman Sachs’ Heidi Cruz takes some flak for comments she made in an interview about her other job — as the wife of U.S. Sen. Ted Cruz. Goldman's Dina Powell turns down a chance to be the next Nikki Haley. And a lawsuit against the American Bankers Association calls it a “boy’s club.” → Read More
Pipeline pressure and other highlights from the 2018 Most Powerful Women gala
Women in the pipeline get some attention from a room full of top banking industry executives celebrating the Most Powerful Women rankings. California is the first to impose a quota requiring companies to increase the number of women on boards, and the Fortune 500’s newest female CEO starts today. → Read More
The Most Powerful Women in Banking
Innovative. Influential. Impactful. The 25 female leaders in this ranking are skillfully navigating industry disruption and — in many ways — driving it as well. → Read More
Men behaving badly edition (UBS, Goldman Sachs, FHFA and more)
Catch up on a deluge of sexual harassment disclosures from banks and regulators. Brace yourself — it gets ugly, with rape and strangulation among the lowlights. Then marvel at how one fintech CEO who fell early in the #MeToo era engineered a fast comeback. Plus valuable insight on anger. → Read More
An ally at Goldman Sachs and a payoff at BofA
Goldman’s next CEO pushes for more women in senior roles. Fifth Third’s program to retain new moms is working. And there’s good news and bad news at Bank of America, as it bulks up on female summer interns but pays out millions to an exec fired over sexual harassment claims. → Read More
BMO Harris' digital push, California's sandbox skeptic and a giant slayer
A Chicago bank isn't afraid of taking on competitors that spend billions on technology. A state regulator is afraid of giving fintech startups too much latitude. Yet another one of our Most Powerful Women retires. Plus, blockchain's leading ladies, the fallout from a big political upset and a tool to help you stop apologizing. → Read More