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Mary Callahan Erdoes, chief executive of asset management, JP Morgan - $15.4m

JP Morgan Asset Management chief Mary Callahan Erdoes was the highest-paid female banking executive globally last year, according to Financial News analysis of 26 institutions' annual remuneration reports. She was paid a total of $15.4m before pension and other benefits for 2011. Erdoes was awarded a basic salary of $729,167, a bonus of $4.7m, a stock award worth $6.9m and options worth $3m.

Former investment banking reporter

In the third and final part of a gallery series on banking pay around the world, Financial News looks at the 10 highest-paid women at global banking institutions

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Richard Partington

BlackRock’s Larry Fink on US tariffs: ‘This isn’t Wall Street versus Main Street’

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Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

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Find out who is on the move in the City and beyond this week

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The UK lender has given the leading compliance job to a 20-year veteran

Barclays hires Centerview dealmaker Woeber to lead global M&A

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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