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Bankers have lost the credibility needed to influence the public and policymakers, M&T Bank CEO Robert Wilmers says.
April 10 -
To suggest that MMFs exist in a hidden shadow world simply distorts reality.
February 3
M&T Bank (MTB) in Buffalo announced Monday that former Comptroller of the Currency John "Jerry" D. Hawke Jr. has been elected to the boards of the bank and its holding company.
Hawke headed the Office of the Comptroller of the Currency from 1998 to 2004 and before that served as Under Secretary of the Treasury for Domestic Finance and as general counsel to the Federal Reserve's board of governors. For the past eight years he has worked as a partner at the Washington, D.C., law firm Arnold & Porter, where he had previously chaired the firm's financial institutions practice.
As Comptroller, Hawke also served on the board of Federal Deposit Insurance Corp. and on the Federal Financial Institutions Examination Council and was a member of the Basel Committee on Banking Supervision.
Robert Wilmers, the chairman and chief executive of the $78 billion-asset M&T, said in a news release that he was pleased to be adding someone of Hawke's stature to its board of directors.
"Jerry will assist us in continuing the prudent risk management philosophy that has been a vital factor in our long history of strength and stability," Wilmers said. "We will value his perspective as we continue to guide the company's direction."
