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Morgan Stanley Chief Financial Officer Ruth Porat is leaving the bank for a post at Google, the technology giant announced Tuesday.
March 24 -
Bank regulators rejected three foreign banking organizations' resolution plans so-called "living wills" that were submitted last year, finding "shortcomings" and ordering the institutions to make certain improvements when they resubmit their plans this year.
March 23 -
Former Federal Reserve Board Chairman Paul Volcker laid out the framework Friday for a proposal to consolidate many of the duties of the various U.S. financial regulatory authorities, a move that he said would improve oversight and financial stability.
March 20
Who says there's no money in government work?
Former Federal Reserve Gov. Jeremy Stein has agreed to consult for the hedge fund BlueMountain Capital Management, the fund announced Tuesday.
Stein, who is a Harvard economics professor, served on the Fed's board of governors from May 2012 to May 2014.
"[Stein] has been widely recognized by leaders in government, academia and the private sector for his talent and impact," BlueMountain Chief Executive Andrew Feldstein said in a press release. "His experience, research interests and intellect will add real value to BlueMountain's investors."
In January, BlueMountain disclosed that it held a short position in the stock of embattled mortgage servicer Ocwen Financial and an affiliated company, Home Loan Servicing Solutions.
BlueMountain manages approximately $20.6 billion of assets.
The firm's recruiting has attracted attention before. Managing partner Jes Staley was
