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Amid the fallout from the Silicon Valley Bank shutdown, some argue that reduced processing time could mitigate systemic disruptions.

Merrilee Matchett is the head of Global Customer Service & Operations and a member of the  Strategic Advisory Group for MetLife. In this role, she directs a team of more than 10,000 associates responsible for managing the operations and servicing teams that support and enable the U.S. Group Benefits, Retirement & Income Solutions, MetLife Holdings, and Asia, EMEA and  LATAM businesses across more than 40 global markets. She is also the Chairperson of  MetLife Europe, and MetLife Europe Insurance. 

Matchett joined MetLife in 2021 from Bank of America, where she was responsible for service  and operations for global wealth management, private banking, and institutional and personal  retirement businesses supporting more than $3 trillion in client balances. She was also the  Chairperson of Financial Data Services, LLC, responsible for the end-to-end operational  support of domestic and offshore mutual funds. 

Matchett has been an advocate for diversity and women in financial services throughout her  30-year career and has been recognized with numerous market awards for outstanding service  and operations performance. She is a member of the MetLife enterprise Diversity, Equity &  Inclusion Council, and represents MetLife on the board of INROADS, helping to provide career  pathways for talented diverse youth across the United States. 

She holds a B.A. in management with a law major from the University of Canberra, Australia.  Additionally, she is FINRA accredited and licensed to trade and run a broker dealer.

Advocacy groups want the Federal Deposit Insurance Corp. to downgrade the Community Reinvestment Act rating of FinWise Bank, which partners with nonbanks to offer high-cost consumer loans. The FDIC downgraded the rating of a second Utah-based bank following a similar campaign by consumer organizations.

Credit Suisse Group AG sought to arrest a collapse in investor confidence Thursday by opening a 50 billion Swiss franc credit line with the country's central bank and offering to buy back debt, as executives and government officials plot the next steps for the troubled lender.

There were many red flags before the California bank failed last week. Now the questions are: How did federal and state regulators assess the risks, and what actions did they take in response?

Nathan Kotler is head of trading for GenTrust, responsible for the management and oversight of the firm's multi-asset trading operations. He works closely with the CIO and asset class heads to implement bespoke investment management solutions for clients across all major asset classes, including exchange traded products, fixed income, futures and derivatives. 

Tolstedt, a key figure in the bank's fake-accounts scandal, could face prison time after pleading guilty to a criminal charge of obstructing a bank examination. She also agreed to pay a $17 million fine to bank regulators to resolve certain civil charges.

Jim Besaw is principal and chief investment officer for GenTrust, responsible for oversight, selection and management of all investment-related activity across the firm's strategies and portfolios, as well as the development of all new investment strategies at GenTrust. He  co-founded GenTrust in 2011.  

The service offered by the Federal Reserve — after years of delays — is expected to expand access to fast payments clearing to a broader selection of banks and financial institutions.

Banks that trade with Credit Suisse Group moved to safeguard their finances, snapping up contracts that will compensate them if the crisis rocking the Swiss lender deepens.