Rodney Hood, chairman of the National Credit Union Administration, was formally sworn in by Vice President Mike Pence on June 27. Hood took office on April 8 and his term will run through Aug. 2, 2023.
Wells Fargo provides few updates on growth; why some banks are aggressively cutting costs and others aren’t; crypto exchange Kraken receives Wyoming bank charter; and more from this week’s most-read stories.
The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.