Items Tagged with 'Randal Quarles'

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  • Fed Vice Chairman Randal Quarles to recuse himself from Wells Fargo matters

    Action taken to “avoid even the potential appearance of a conflict of interest”
    Aiming to avoid “even the potential appearance of a conflict of interest,” Federal Reserve Vice Chairman will recuse himself from matters involving Wells Fargo, the Fed announced Friday. Quarles said that he sold all of his stock in Wells Fargo after being confirmed as a Fed governor, but added that he is taking this “voluntary” step even though he is not legally required to.
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  • 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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  • Senate confirms Randal Quarles as new “most powerful man in banking”

    Approved to serve as Fed’s vice chairman for supervision
    The Senate on Thursday voted to confirm Randal Quarles as a member of the Board of Governors of the Federal Reserve System, placing President Donald Trump’s handpicked choice in the position that many consider to be the most powerful in banking. Quarles will also serve as the Fed’s vice chairman of supervision, a position previously held by Daniel Tarullo, who unexpectedly stepped down earlier this year.
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  • Senate committee grills nominee for "most powerful position in banking"

    Randal Quarles tapped to fill vice chairman for supervision position
    If confirmed, Randal Quarles, an investment-fund manager and former Republican Treasury official, would be the first person to officially sit in a recently formed position on the Federal Reserve that has been referred to as the most powerful position in banking. But Senate Democrats won’t let him lock in the title without a fight. Trump tapped Quarles to be a member of the Board of Governors of the Federal Reserve System and to finally fill the position of vice chairman for supervision on the Fed.
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  • Trump reportedly close to choosing the new "most powerful man in banking"

    Set to name Randal Quarles as Fed vice chairman of supervision
    President Donald Trump is reportedly close to choosing a replacement for the “most powerful man in banking.” That characterization is in reference to Daniel Tarullo, who recently stepped down as a member of the Board of Governors of the Federal Reserve System. Here are the details on Trump's reported choice to serve as the Fed's new vice chairman of supervision.
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