Keeping Tabs on the Central Bank

By Heather Long ’04

Karen Dolmatch Petrou ’75 still remembers the exact words the Bank of America chief executive said to her in 1985. He “did not feel good about making a young woman a senior VP.” Karen was 32 at the time, and had risen quickly through the ranks at the bank. Instead of waiting around to see if he changed his mind, she quit and founded her own firm, Federal Financial Analytics.

Today, Karen is one of the world’s leading experts on bank regulation and policy. American Banker once described her as “the sharpest mind analyzing banking policy today—maybe ever.”