Policymaking

While JPMorgan Chase’s Marianne Lake looks forward to the Trump administration relaxing regulations, Mary Callahan Erdoes emphasizes the limitations of robo-advice. Alice Dittman of Cornhusker Bank shares her philosophy about building trust with customers, Hazel Moore of FirstCapital worries about the toxic work culture in investment banking, and the gender pay gap persists even when women outperform men.

Billionaire investor Warren Buffett said Wells Fargo made "a huge mistake" in the way it handled the phony-accounts scandal, and he laid the blame more forcefully than ever on former Wells CEO John Stumpf.

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.

Any amendments to the current regulatory framework must preserve banking regulation and supervision’s vital role in the proper functioning of our economy.

Banks have long been eager to see regulators knocked down a peg in the courts, but now that it might actually happen under President Trump, some are beginning to wonder if it might ultimately boomerang against the financial services industry.