At 43, you might think that Federal Deposit Insurance Corp. (FDIC) Board Chairman nominee Jelena McWilliams qualifies as the youngest ever to be considered for the post leading the nation’s bank deposit insurance fund. But […]
Jerome H. “Jay” Powell is the next chairman of the Federal Reserve Board, having been confirmed by the Senate Tuesday on a vote of 84-13; he succeeds Janet Yellen as chairman. In her resignation letter […]
Policies that would increase transparency and accountability at the Federal Reserve would be promoted by the nominee to the Federal Reserve Board, he told a Senate committee Tuesday – before he faced a grilling by […]
The nominee to lead the federal bank deposit insurance agency said she is “uniquely prepared” for the job, citing her background as a former congressional and Federal Reserve staffer and as a bank executive. In […]
A last-minute change in the nomination of a new chairman for the bank insurance fund board would result in the vice chairman of the board leaving by March, according to new information posted by the […]
Financial crises have consistently followed periods of “pro-cyclical regulatory policies” by governments over the last 300 years that fostered financial booms and risk taking, according to a paper published by the International Monetary Fund (IMF) Jan. […]
Despite uncertainty over a government shutdown, a confirmation hearing remains scheduled Tuesday for Jelena McWilliams and Marvin Goodfriend, nominees for (respectively) the chairman of the Federal Deposit Insurance Corp. (FDIC) Board and member of the […]
A civil money penalty (CMP) of $70 million assessed against Citibank, N.A., of Sioux Falls, S.D., is one of six enforcement actions taken by the Office of the Comptroller of the Currency (OCC) in December […]
Clear improvements to the Federal Reserve’s supervision program are “in the offing” in the near future, even though core regulatory reform in response to the financial crisis produced a stronger and more resilient system and […]
Aggressive competition from non-bank lenders in the marketplace, cybersecurity threats and management of money laundering compliance are “key risks” outlined for national banks and savings associations in a report released Thursday. The Semiannual Risk Perspective […]
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