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Gov. Randal Quarles is no longer vice chair for supervision, and the Federal Reserve Board will make bank regulatory policy only when multiple members reach consensus. Observers expect inaction until the Biden administration fills key leadership posts.

U.S. consumers have been more punctual than ever before in paying back debts as the economy rebounds from the pandemic. 

Talwar, who is leaving his job as chairman of Goldman's consumer bank this month, explains his philosophy on innovating within a large organization, making a digital-only unit work within a 150-year-old institution, and how he deals with skeptics.

Brian Wallheimer is editor-in-chief of Financial Planning, where he leads a team of journalists covering the wealth management industry. His coverage areas focus on practice management, client service and industry trends, providing actionable intelligence that helps financial advisors grow their practices and better serve clients.

Under his leadership, Financial Planning has been recognized with multiple industry accolades for excellence in journalism, including Jesse H. Neal, ASBPE, SABEW Best in Business and Folio's Eddie awards. The team's award-winning coverage has included reporting on industry conflicts of interest, diversity initiatives, government policy, evolving advisor models and an in-depth series on how to start an RIA.

Brian served as managing editor before being appointed editor-in-chief in 2022. He previously covered the Illinois General Assembly and governor for the St. Louis Post-Dispatch while earning his master's degree, and his career has included reporting and editing roles in Massachusetts, Connecticut and Indiana, where he covered government, higher education and some of the largest casinos in the world. He also worked as a science writer at Purdue University's College of Agriculture, developing stories about research and placing expert sources in coverage by The New York Times, NPR, the Chicago Tribune and other national, regional and local outlets.

Born and raised just outside St. Louis, Brian is a die-hard Cardinals fan. An Eagle Scout and avid hiker, he can sometimes convince at least one of his three children to join him on the trail.

The company posted a 58% increase in net income, fueled by increased loan demand from both consumers and businesses, as pandemic fears ease. It expects strong GDP growth through next year.

The $317 million deal will provide the London company with a large base of American clients and help it compete with technology firms like Square, PayPal and Stripe.

After extending its deadline for request for comment on cryptocurrency by a month, the National Credit Union Administration heard from credit unions and other organizations that want clarity on the boundaries the agency plans to set.

Chase Payment Solutions combines Chase Merchant Services with WePay, a fintech the bank bought in 2017, to provide more tailored offerings — such as card acceptance without a merchant account — to entrepreneurs.

Financial advisors have a variety of objectives in working with their investment-planning clients. But when all is said and done, clients are usually mainly interested in a successful road map to growing and protecting their wealth to and through retirement.

Citigroup’s equities traders surpassed analyst estimates for a fifth straight quarter, adding to signs that investments in expanding the business are starting to take hold.