Fed governor: Regulators just ‘don’t understand’ implications of new rules
Federal Reserve Gov. Michelle Bowman said a lack of banking experience among regulatory officials has led to unintended consequences. She flagged mergers, fintech partnerships and liquidity proposals as prime examples.
There is a better approach to the problem of medical debt
The Biden-Harris administration’s approach to medical debt reduction is well-intentioned, but counterproductive. There are better ways to reform the system and maintain patients’ dignity.
Credit union-bank mergers tie record with deal in New York
ESL Federal Credit Union’s plan to acquire Generations Bancorp marks the 16th deal this year in which a credit union plans to acquire a bank. While controversial, such transactions are swelling in number.
Press Release: FDIC Appoints Jennifer Schoen as Director of the Division of Administration
PRESS RELEASE | SEPTEMBER 24, 2024 FDIC Appoints Jennifer Schoen as Director of the Division of Administration WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors has approved the selection of Jennifer Schoen as Director of the Division of Administration (DOA). In this role, Ms. Schoen will oversee a wide range of administrative services […]
The Most Powerful Woman in Finance 2024: Mary Callahan Erdoes, JPMorgan Chase
Erdoes, CEO of asset and wealth management, leads more than 30,000 employees with 15 direct reports and helps manage the bank’s $5.4 trillion in client assets.
The Most Powerful Woman in Banking 2024: Citigroup’s Jane Fraser
The Citi CEO has been focused on revamping the $2.4 trillion-asset megabank and is making progress on streamlining management layers and making investments in risk management.
The Most Powerful Women in Finance: No. 25, Maria Hackley, Citigroup
As the global head of the industrials group, Hackley oversees a large chunk of the bank’s $2.41 trillion in assets.
The Most Powerful Women in Finance: No. 24, Kate El-Hillow, Russell Investments
In 2021, El-Hillow left Goldman Sachs to lead the Seattle-based private company’s entire investment division.
The Most Powerful Women in Banking: No. 2, Marianne Lake, JPMorgan Chase
In January, Lake became full CEO of the consumer and community banking division. She is focused on growing the bank’s customer base while keeping them digitally engaged and deepening their experiences with additional products and services.
The Most Powerful Women in Finance: No. 23, Kourtney Gibson, TIAA
As senior executive vice president and chief institutional client officer at TIAA, Gibson oversees the company’s core retirement business.