Career moves

Otting's legacy at OCC? It's complicated


The comptroller of the currency, expected to step down Thursday after two and a half years on the job, ruffled feathers and won some fans in pushing through CRA reform, cutting costs and trying to reshape the agency’s examiner culture.


Wells Fargo hires new operations head from BNY Mellon


Lester Owens, who is scheduled to join the bank in July, will report to Chief Operating Officer Scott Powell. He will be charged with implementing a more unified structure across the 260,000-person company.


Banks cautioned on bonuses, pay; Powell praised for decisiveness


After the financial crisis banks took a PR beating, limiting bonuses could prevent criticism; the Fed moved with authority in the face of the coronavirus.


Fed keeps trying to calm markets; Mortgage payment pause considered


The central bank made two more moves to keep credit flowing; the Housing Policy Council plan would halt mortgage payments during the COVID-19 crisis.


SoFi hires exec from Amazon to lead deposit, card businesses


The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience.


More coronavirus challenges for banks; RBS delays


Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank.


Trump to meet with Wall Street CEOs; Scharf pledges urgent reform


Leaders to parlay with president as banks worldwide offer to aid customers; Wells CEO says the bank will be run “fundamentally differently” than in the past.


Promontory Interfinancial adds two industry veterans to its board


The network offering an array of vendor services to member banks named former trade group chiefs Camden Fine and Ed Yingling to its board and has hired former American Banker Editor-in-Chief Rob Blackwell as chief content officer and head of external affairs.


Former CFPB official to return to bureau as acting deputy chief


Leonard Chanin, a senior official at the Federal Deposit Insurance Corp., has been tapped to serve on a part-time basis as the No. 2 official at the Consumer Financial Protection Bureau, according to a news report.


Coronavirus is latest test for Europe’s banks; UBS CEO heading to Swiss Re


The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021.