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Courtesy Forbes

Forbes on Wednesday released its annual list of the 'World's 100 Most Powerful Women," with history-making figures like Vice President-elect Kamala Harris and New Zealand Prime Minister Jacinda Ardern among those featured.

Zoom in: 13 of the women named "helm some of the world’s biggest banks and financial institutions, positions they’ve leveraged to effect change in the world," Forbes' Samantha Todd writes.

  • Jane Fraser (No. 23), president of Citi and CEO of the global consumer banking business, in February becomes the first woman to head up a major Wall Street bank.
  • Anne Finucane (No. 36), vice chairman of Bank of America, has expanded the bank's "philanthropic efforts, committing $100 million in grants to increase the accessibility of food and medical supplies ... 'As we collectively navigate this health and humanitarian crisis, we recognize that the private sector can play a pivotal role,'" Finucane said in a statement.
  • No. 40: Mary Callahan Erdoes, CEO, asset management, JPMorgan Chase.
  • No. 43: Marianne Lake, CEO, consumer lending, JPMorgan Chase.
  • "Of the 13 women in finance, just one is a newcomer to the ranking: Mellody Hobson (No. 94), co-CEO of money management firm Ariel Investments."

For the 10th consecutive year, German Chancellor Angela Merkel is No. 1. Christine Lagarde, president of the European Central Bank, is No. 2. Vice President-elect Harris is No. 3. Queen Elizabeth II is No. 46.

Go deeper

Jan 26, 2021 - Politics & Policy

Women take press lead in Biden era

Illustration: Aïda Amer/Axios

Women will overwhelmingly guide coverage of the White House and politics during the Biden administration, propelled by a slew of newly appointed leaders at major TV and radio networks, newspapers and digital outlets.

Why it matters: While female representation in the Washington press corps has steadily grown, what's changed most recently is the number of women in front of and behind cameras and bylines.

11 mins ago - Health

Treasury begins dispersing $350 billion in COVID relief funding to states and localities

Treasury Secretary Janet Yellen. Photo: Tasos Katopodis/UPI/Bloomberg via Getty Images

The U.S. Treasury on Monday began giving state and local governments access to $350 billion in emergency funding from the American Rescue Plan, the department announced Monday.

Why it matters: Though the money is aimed at helping state, local, territorial and tribal governments recover from the pandemic's economic fallout, the administration will generally give them wide latitude on how they can use the funds.

Game developers break silence around salaries

Illustration: Annelise Capossela/Axios

Developers are sharing their salaries on Twitter under the hashtag #GameDevPaidMe to encourage pay transparency in their industry.

The big picture: The hashtag started circulating last year, but has returned periodically as developers fight for better working conditions. Salary sharing is a way to equalize the field. By removing the secrecy, as well as the stigma, around discussing pay, workers have more power to advocate for themselves when negotiating salaries and raises.