Brendsel's Return Engagement. Freddie Mac's stockholders felt quite comfortable with CEO Leland Brendsel and 12 other members of Freddie's board of directors, and reelected them to the 18-member board at the GSE's fifth annual stockholder's meeting in McLean, Va., May 11. Voters also agreed to keep Brendsel as chairman of the board, ratified the appointment of Freddie's independent public accountants, and voted down a proposal related to executive compensation. Stockholders couldn't vote on the board's remaining five positions because those are reserved for appointment by the president of the United States. The 12 other re-elected board members include: John C. Etling, president and CEO, General Reinsurance Corp.; David W. Glenn, president and COO, Freddie Mac; George D. Gould, vice chairman of Klingenstein Fields & Co.; Barbara C. Jordan, holder of the Lyndon B. Johnson Centennial Chair in National Policy at the University of Texas at Austin; Henry Kaufman, president Henry Kaufan & Co. Inc.; John B. McCoy, chairman and CEO, Banc One Corp.; James F. Montgomery, chairman and CEO, Great Western Financial Corp.; Russell F. Palmer, chairman and CEO, The Palmer Group; Ronald F. Poe, chairman and CEO, Dormand and Wilson Inc.; Donald J. Schuenke, retired chairman, Northwest Mutual Life Insurance Co.; Christina Seix, chairman and CEO, Seix Investment Advisors Inc.; and William J. Turner, chairman and CEO, Turner & Partners Inc.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





