American Banker

Ally Financial making changes to its leadership lineup, including a new chief risk officer and a new chief audit executive, the Detroit-based auto lender announced Wednesday. It's the first management shakeup on new CEO Michael Rhodes' watch.

Many of the honorees in this year's rankings of the Most Powerful Women in Banking, Most Powerful Women in Finance and Most Powerful Women to Watch have had storied careers in the financial services space. Each leader's career is unique to their experience, but looking at them together reveals some interesting overlaps. #bankingindustry

Ally Financial announced a flurry of changes Wednesday to its leadership team, including naming Stephanie Richard to the chief risk officer role and hiring Lindsay Sacknoff to lead retail deposits and consumer payments. The changes, which also involve a new chief auditor, come nearly seven months into Michael Rhodes' tenure as CEO of the $193 billion-asset company and mark his first large-scale management tweaks on his watch.

These are the top 20 community banks with the highest returns on average equity as of June 30. Check out the rankings for more about the top-performing community banks. https://bit.ly/4hPaUow #banking

Change has become the only certainty on the Consumer Financial Protection Bureau's path forward following Trump's win. Bankers hope the agency will be more favorable to the industry under the next administration but are wary of their chances for success. #bankingindustry

Check this out: my talented colleague, Frank Gargano, put together these cool graphics that show the places that this year's Most Powerful Women in Banking, Finance and Watch honorees worked at during their careers. Not surprising, J.P. Morgan had the most overlap among the honorees.

KeyBank is expanding its commercial banking business into both Southern California and Chicago, with the latter region to be led by bankers hired away from rival Huntington National Bank. The move is part of Key's effort to attract more middle-market business clients in heavily populated markets.

Affirm adds BNPL partnerships, PayPal expands its stablecoin and more in this week's American Banker global payments roundup.

Visa is accelerating its BNPL strategy by linking it to its "all in one" card. What's behind its plans?

Banks solved the issue of consumer data sharing years ago. So, why is the Consumer Financial Protection Bureau stepping in now, with a rule that could make sharing data less safe and secure, asks Greg Baer, of the Bank Policy Institute, in American Banker’s BankThink.https://bit.ly/4fTsRjW