Magazine article American Banker

Women in Banking: Heidi Miller's New Gig; #TheNew10

Magazine article American Banker

Women in Banking: Heidi Miller's New Gig; #TheNew10

Article excerpt

Byline: Tanaya Macheel

Gender disparity. The financial services industry is said to have a pronounced gender imbalance in leadership roles, and a study released last week using LinkedIn data backs that up. The study shows that overall female representation in financial services and insurance combined (43%) falls right in the middle compared with other sectors (women make up 60% of the health care and pharmaceuticals industry and 27% of the oil and energy industry). The leadership gap is present across all industries in the study, but the gap in the financial services and insurance category is among the highest at 14.1 percentage points - almost on par with health care's 14.6 percentage points. See here for the breakdown.

#TheNew10. The U.S. Treasury has announced plans to put a woman on the new $10 bill, which is expected to be released in 2020. Treasury Secretary Jack Lew says the department hasn't yet decided who that woman will be, but will reach out to the public this summer as part of a design campaign. The topic has already stirred debate and lead influencers to weigh in on who should grace the bill.

Lagarde on Greece. European Union leaders are getting closer to a Greek exit plan. A frustrated Christine Lagarde, International Monetary Fund managing director, said, "The key emergency is to secure a dialogue with adults in the room." They have scheduled an emergency summit for Monday after another meeting in which they failed to end the standoff between Greece and its creditors. …

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