MIDDLE ATLANTIC
The Federal Reserve Bank of New York has promoted three officers to vice
Named vice presidents were:
*Fred C. Herriman Jr., financial examinations.
*Beverly J. Hirtle, banking and payments studies.
*Charles Steindel, domestic research.
New assistant vice presidents are:
*John Kambhu, financial markets and institutions.
*Deborah A. Perelmuter, market surveillance.
*Marie J. Veit, electronic payments systems.
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
