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Janet Yellen is expected to take a more hands-on role in bank regulation than her predecessors if she is confirmed to be the next chairman of the Federal Reserve Board.
October 9 -
BankThink kicks off a new series in conjunction with American Banker Magazines annual Most Powerful Women in Banking issue.
September 18 -
I hope we can all encourage our younger coworkers, our daughters and granddaughters, to see these opportunities and be ready to ascend to upper level management positions.
September 18 -
Sandberg's book has highlighted the need for both men and women to sponsor high potential women and encourage them to take a seat at the table.
September 19 -
Promotion to CEO roles will continue to be a challenge for women as the industry continues to consolidate.
September 20
On Wednesday, President Barack Obama made history and nominated Janet Yellen to be the first female chairperson of the Federal Reserve. Those following the long, tumultuous and, at times,
Despite Yellen's
Some may feel inclined to let the fact that Yellen was the President's second choice cast a shadow over this historic moment for women in banking. A column from Wall Street Journal economics reporter Sudeep Reddy even suggests Yellen
But this assertion ignores a few key turns in the Fed chair race: Summers didn't do Yellen any favors. He bowed out once it became abundantly clear his road to confirmation would be long, arduous and uncertain. Just prior to his withdrawal, a small group of key Senate Democrats let it be known
Aside from lawmakers, more than 350 economists also sent
Yellen shouldn't have needed the help. As an accomplished economist and the
As American Banker Magazine Editor in Chief Heather Landy found when putting together the recent
In an either case, there's clearly more work to be done and achieving gender equality remains a team effort. Men and women must take an active role in ensuring qualified female candidates get positions they clearly deserve.
This could involve mentoring promising employees as they work their way through the pipeline. It could involve launching impressive letter-writing campaigns to your bank's president. Or, yes, it could even involve putting together
Yellen's nomination illustrates just how crucial and effective internal and external support can be in establishing a clear pathway to power. Her presumptive ascent to a position that may very well make her
Jeanine Skowronski is the deputy editor of BankThink. You can contact her at