In a move that partially remakes the Federal Reserve — or at least its purview over regulations that affect the financial industry — President Donald Trump has nominated Randal Quarles to be the head of regulation governing big banks. The bank regulator position, formally the vice chair...
May 15, 2019
The U.S. Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo as the scandal-plagued bank’s new CEO, according to a report by Reuters. Joseph Otting told the governing body that he would use legal powers usually reserved for the oversight of […]
July 11, 2017
In a move that partially remakes the Federal Reserve — or at least its purview over regulations that affect the financial industry — President Donald Trump has nominated Randal Quarles to be...
