Robert W. Ranger, a former executive of Fleet Financial Group banks in
Mr. Ranger was most recently responsible for consumer lending and
He was also regional president of Fleet Bank of Central New York and
Mr. Ranger, a banker for 35 years, succeeds Peter G. Humphrey as
Members of the Humphrey family have directed it since 1871. Peter
The younger Mr. Humphrey has now succeeded his father as chairman and
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.
Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform proposal, emphasizing the importance of making broad changes informed by industry feedback to achieve broad consensus among Federal Reserve board members.
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
