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SEP 1, 2010

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Hits and Has-Beens

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OCC Chief of Staff John Walsh will take over as acting director when John Dugan departs.

JP Morgan Chase named Jeff Urwin and Kevin Willsey as co-heads of investment banking for the U.S. and Canada.

Frank Eliason, the 'Twitter guru' of Comcast, joined Citibank to lead its social media effort, replacing Jaime Punishill.

Ed McLaughlin is MasterCard's new chief emerging payments officer.

Bank of Hawaii named president Peter Ho as chairman and chief executive.


Survey

The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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