Washington Mutual Inc., Seattle, has promoted Robert J. Flowers to
Mr. Flowers is to be the company's primary liaison with key clients in
Mr. Flowers joined Washington Mutual in 1970 as a loan representative
Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
The bank is the custodian for Anchorage's stablecoin platform, it's thinking of issuing its own and it's relaunching bitcoin custody, among other efforts.
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
The megabank's third-quarter net income rose 16% year over year, reflecting higher revenues across all five business lines.
Goldman enjoyed solid growth to both its net income and earnings per share in the third quarter. The Wall Street giant credited a generally brightening economic backdrop.
