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The new vice chair for supervision selected a career Federal Reserve staffer to oversee the implementation of his supervisory and regulatory policies. Progressives had been urging him to pick an outsider for the position.
August 10 -
A top mining magnate and a little-known bank backed by major global investors are among initial bidders for Citigroup’s Mexican unit, according to people with knowledge of the talks.
June 9 - AB - Policy & Regulation
Jelena McWilliams is joining the firm following her high-profile exit from the Federal Deposit Insurance Corp.
June 6 -
As the potential for a recession looms, the New York bank is continuing with its plan to grow wealth management and shrink its foreign consumer banking footprint.
June 3 -
Inside JPMorgan Chase, senior executives are counting on an investor day to redeem themselves from a routine January conference call now widely viewed as disastrous.
May 20 -
Warren Buffett's Berkshire Hathaway, which cut many bank holdings as the pandemic bore down on the U.S., is back with a roughly $2.9 billion bet on Jane Fraser’s Citigroup even as it said goodbye to a longtime stake in Wells Fargo.
May 17 -
JPMorgan Chase shareholders should vote against CEO Jamie Dimon’s pay package, the proxy advisory firm Glass, Lewis recommended, citing a “disconnect” between his compensation and the bank’s performance.
May 6 -
Financial losses stemming from sanctions and the threat of cyberattacks are just some of the major concerns from across the industry.
May 5 -
Lael Brainard was confirmed as vice chair of the Federal Reserve Board of Governors Tuesday in a 52-43 Senate vote, the first of four central bank nominees set for consideration by the chamber.
April 26 -
Interest in digital assets is on the rise following an executive order from the White House and a recent report from the Fed.
April 18