Category Archives: Elizabeth Warren

Wells Fargo is Broken Beyond Repair

By | September 2, 2017

After the Wells Fargo sales-practices scandal erupted last September, I wrote an article that began: Having spent five years supervising large financial institutions on Wall Street, I am rarely surprised by the latest news of banks behaving badly. But even the most hardened cynics, such as myself, were taken aback by the recent announcement that… Read More »

Carmen Segarra and Competing Visions of Bank Supervision

By | October 25, 2016

The below are edited remarks from a speech I delivered at the Rethinking Regulation Seminar hosted by Duke University’s Kenan Institute for Ethics on October 25th, 2016. Today I will talk about an episode that occurred early in my tenure at the New York Fed.  And I tell this story not simply because it is… Read More »