Items Tagged with 'Board of Governors'


  • Randal Quarles officially takes over as Fed’s point person on banking supervision

    Becomes Federal Reserve vice chairman for supervision
    After being confirmed last week in the Senate by a 65-32 margin, Randal Quarles officially took his place as a member of the Board of Governors of the Federal Reserve System on Friday. Quarles will also serve as the Fed’s vice chairman of supervision, a position that many consider to be the most powerful in banking.
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  • Federal regulators order big banks to fix “living wills”

    Bank of America, JPMorgan Chase, others told to fix bankruptcy plans
    "The living wills before us fail to fully acknowledge these issues and ignores other operational issues," said Thomas Hoenig, FDIC vice chairman. "They demonstrate little ability to cope adequately with failure without some form of government support. The economy would almost surely go into crisis."
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  • Now accepting applications for Fed Governor

    Jeremy Stein steps down after two years
    After two years of service, Jeremy Stein submitted his resignation as a member of the Board of Governors of the Federal Reserve System, returning to his teaching position in Harvard University’s department of economics.
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