Donald Trump is considering nominating U.S. Bancorp Chief Executive Officer Richard Davis for the Federal Reserve Board, said people familiar with the matter, as the president prepares to start reshaping the central bank’s approach to monetary policy and Wall Street oversight.
Banking loses a pioneering female CEO in Melanie Dressel; B of A’s Michelle Moore says mobile is used by most of its customers; Uber is the Tailhook of the new era, and more.
The trade group's "candidate school" will teach members about campaign fundraising and other political basics, in an effort to boost the number of elected officials who understand banking.
The House proposal establishes a 10% leverage ratio as the standard for bank strength, but it says nothing about the riskiness of the bank’s business or the size of its exposure to economic downturns.
Any amendments to the current regulatory framework must preserve banking regulation and supervision’s vital role in the proper functioning of our economy.
Retailers are prepared to go to the mat to defend the Durbin Amendment on swipe fees; tech firms who sought to displace big banks now sell their wares to them.
