Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo February 13, 2025 By Douglas Gillison, Pete Schroeder, Nupur Anand and Hannah Lang At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop...
Consumer Watchdog Facing Curbs, Scrutiny Following Trump Win November 14, 2024 By Pete Schroeder and Tatiana Bautzer Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S. Consumer Financial Protection Bureau...
Regulators Fine Citi $136M for Failing to Fix Longstanding Data Issues July 11, 2024 By Michelle Price, Pete Schroeder and Tatiana Bautzer U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required...
Wall Street’s Top Regulator Faces Worsening Battle in Wake of Supreme Court Ruling July 2, 2024 By Chris Prentice and Pete Schroeder The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to...
FDIC Chair Gruenberg Apologizes for Agency Culture, Commits to Fixes May 15, 2024 By Pete Schroeder and Douglas Gillison U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture...
US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules May 9, 2024 By Pete Schroeder A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at...
US Probe Finds Widespread Sexual Misconduct at FDIC May 8, 2024 By Douglas Gillison and Pete Schroeder The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an...
US Regulators Add Artificial Intelligence to Potential Financial System Risks December 15, 2023 By Pete Schroeder Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not...
Inflation, Commercial Real Estate Among Top Financial Stability Concerns October 23, 2023 By Pete Schroeder The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are...
US Fed Fines Deutsche Bank $186M for Failing to Beef Up Money Laundering Controls July 20, 2023 By Pete Schroeder and Chris Prentice The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently...