Tagged: OCC

To bank regulator stepping down

In a surprise announcement, Comptroller of the Currency John Dugan (r.) says he will step down next month as the top U.S. bank regulator.  Appointed by President George Bush, Dugan was instrumental in shaping the “stress tests” for the largest financial institutions, but often sparred with FDIC Chairwoman Sheila Bair about consumer matters.  Former Federal Reserve […]

Bernanke: No pressure on BofA/Merrill deal

Fed Chairman Bernanke told Congress today the Fed did not threaten action against the Bank of America if last fall’s negotiations leading to BofA’s take over of Merrill Lynch had failed.  This amid reports the Fed kept other regulators out of the loop during the merger talks and that regulators secretly tightened their grip on […]