Fed looks at relaxing big bank rules; Wells western retail chief leaves

10/02/18

The central bank is mulling measures to broaden the number of banks receiving reg relief; Lisa Stevens was a top deputy to the former retail chief during the phony accounts scandal.

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Inside Mel Watt’s #MeToo moment

10/02/18

The House Financial Services Committee is examining sexual harassment charges against FHFA director Watt. American Banker reporter Hannah Lang offers her take.

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Stephanie Cohen is turbocharging the idea pipeline at Goldman Sachs

10/01/18

When Stephanie Cohen earned the chief strategy officer’s job at Goldman Sachs in January, she was told she had a blank sheet of paper. Cohen responded by, among other things, launching an internal incubator for new business ideas.

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Samantha Spilkin: Rare background, fresh perspective at Goldman Sachs

10/01/18

Spilkin's education in math and programming, uncommon in investment banking, has allowed her to bring a disruptive approach to problem-solving at Goldman Sachs.

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Hard-won wisdom from AI's early adopters

10/01/18

Executives at Wells Fargo, BBVA Compass, ATB, and Banco Popular share some of the pain points they've encountered as they've implemented artificial intelligence, and how they overcame them.

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Remaking the FDIC by ripping up the rules

10/01/18

Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry.

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Regulators may provide relief to banks above $250B of assets: Fed's Quarles

10/01/18

Fed Vice Chairman of Supervision Randal Quarles said in written tstimony that the central bank plans to move quickly to determine how to regulate banks between $100 billion and $250 billion of assets, and that it may provide also relief for banks over the $250 billion threshold.

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Lawmakers seek more covered funds exclusions as part of Volcker changes

10/01/18

Seven Republican senators urged regulators on Monday to consider additional changes to the Volcker Rule's "covered funds" definition.

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CFPB official tries to defuse furor over his ‘provocative’ writings

10/01/18

Eric Blankenstein, a political appointee overseeing fair-lending policy at the agency, said in an email to staff that his blog posts from 14 years ago that used a racial epithet “reflected poor judgment.”

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Lisa Stevens, key figure in Wells Fargo saga, is out

10/01/18

Stevens will step down this month as head of the Western region, which had been cited for widespread customer-integrity violations. However, she had been credited with raising concerns about aggressive sales practices.

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