Finance & Banking & Insurance in America
Finance, Banking & Insurance touches each of us every day.
The U.S. Financial Sector accounts for nearly 30% of total profits, and now outranks manufacturing as a share of corporate profits, driving much of the economy.
Business Insider Newsletter Jan 18, 2022:
“As one of only 2 Black women CEOs in the Fortune 500, I’m often asked about how to close the US’s racial wealth gap. The key is helping people save for retirement”
Thasunda Brown Duckett, CEO of TIAA, draws from the teachings of Dr. Martin Luther King Jr. on how to break the cycle of poverty in America.
Thasunda Brown Duckett, the CEO of TIAA (left) and Rosalind “Roz” Brewer, the CEO of Walgreens Boots Alliance (right), have been included on the 67th edition of the Fortune 500 list.
Power Positions in Finance
94 firms are included Fortune 500’s finance/banking/insurance services rankings for 2021. These firms include 8 female CEOs: #33 Citigroup, #74 Progressive, #79 TIAA, #207 Reinsurance Group of America, #295 Jones Financial, #369 Thrivent Financial for Lutherans, #480 Nasdaq, and #484 Franklin Resources.
These 8 female CEOs are 8.5% of the CEOs of the finance sector in the Fortune 500.
(8 out of 94 = 8.5%)
Additionally, two of these 8 female CEOs are women of color – a first for the Fortune 500 list.
Finance, Banking and Insurance executives are still overwhelmingly male. In addition, the largest compensation packages across this industry sector go to men. According to Bloomberg.com, citing a Morningstar report, of 18 executives at public companies who earned more than $50 million in 2020, only one was a woman.
Here are links to additional reporting about women in Finance, Banking and Insurance:
Sep 23, 2018 - 1 Mary Callahan Erdoes. JPMorgan Chase. 2 Abigail Johnson. Fidelity Investments. 3 Margaret Keane. Synchrony Financial. 4 Marie Chandoha. Charles Schwab. 5 Charlotte McLaughlin. PNC Capital Markets. 6 Diane Offereins. Discover Financial Services. 7 Candace Browning. Bank of America Merrill Lynch. 8 Rebecca Patterson. ...
Women account for only 18 percent of finance jobs, less than in STEM fields; Math ... tests in the U.S. In their recent paper, “The Math Gender Gap and Women's ...
Jan 5, 2018 - A statistical overview on women working in financial services in the U.S., Canada, and other countries around the world.
Dec 4, 2018 - Financial services firms in the United States are failing to foster relationships with women, missing out on an estimated $782 billion in ...
Sep 24, 2018 - Three U.S. Bank leaders among American Banker's Most Powerful ... 16 on the Most Powerful Women in Finance list), joined U.S. Bank in 2016 ...
What will it take for women to get into the Power Percentage of Finance & Banking & Insurance in America?