Bank News: CEO apologies, EOs, Living wills, Charters, Exemptions, and Fines!

from The Banker Next Door · host Dr. Joseph Bergquist

Bank News: Standard Charter CEO Bill Winters apologized for his ‘lower-value human capital’ remarks that he made about his employees. Flagstar CEO Joseph Otting will stay until 2028 when a successor will be named. Federal Reserve and FDIC approve US banks’ living wills. Senator Warren wants charter details from OCC. Jay Gould justifies conditional trust charter approvals. Senator Warren questions Morgan Stanley exemption allowing them to fold their German investment bank into their holding company. President Trump directed the Federal Reserve to review how it grants access to central bank payment rails for fintechs. Chime is definitely in the market for a bank charter. Ally offers new brand platform. CFPB eliminates information prior to February 2025. Goldman Sachs settles 1MDB case. This episode reviewed multiple articles from Banking Dive.

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This episode was published on May 29, 2026.

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