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Biden to nominate ex-Senate banking panel lawyer to senior Treasury post

By Syndicated Content Jul 19, 2021 | 5:56 PM WASHINGTON (Reuters) â President Joe Biden will nominate former U.S. Senate Banking Committee lawyer Graham Steele as the U.S. Treasuryâs top bank regulatory official, along with nominees for senior posts at the Export-Import Bank and the U.S. Agency for International Development, the administration said on Monday. The White House said Steele, who currently directs a Stanford Graduate School of Business research initiative to promote more accountable capitalism and governance, will be nominated to serve as the Treasuryâs assistant secretary for financial institutions. Steele, who served on the Federal Reserve Bank of San Francisco staff before joining Stanford, has more than a decade of experience working in financial regulation law and policy and previously served as chief counsel and legislative assistant to Democratic Senator Sherrod Brown, who now chairs the Senate Banking Committee.

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Reuters US Domestic News Summary

Reuters US Domestic News Summary Reuters 2 hrs ago Leon Black rejects Russian woman s claims of violent behavior, files countersuit Leon Black, the billionaire who until recently led private equity firm Apollo Global Management Inc, on Monday strongly rejected claims by a Russian model who accused him of defamation and subjecting her to sexual violence, calling her accusations a work of fiction. Black also filed his own defamation lawsuit accusing the woman, Guzel Ganieva, of running a blatant scheme to extort him of at least $100 million in exchange for keeping quiet. Schumer sets procedural vote for $1.2 trillion bipartisan infrastructure bill U.S. Senate Democratic leader Chuck Schumer said on Monday he would set a procedural vote on a bipartisan $1.2 trillion infrastructure bill for Wednesday.

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News Highlights: Top Financial Services News of the Day

Provided by Dow Jones Biden to Tap Former Hill Aide for Top Treasury Post Overseeing Financial Rules Graham Steele, a former aide to Sen. Sherrod Brown, is a proponent of treating climate change as a systemic risk to the financial system. Vietnam Tells U.S. It Won t Weaken Currency to Boost Exports The State Bank of Vietnam has agreed to improve the flexibility of its exchange rate, part of an agreement with the U.S. Treasury to resolve tensions over Vietnam s widening trade surplus. ANZ Plans Up to $1.1 Billion Share Buyback Australia & New Zealand Banking Group Ltd. said it plans to buy back shares worth up to $1.1 billion, starting next month.

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Biden Picks Ex-Brown Senate Aide for Bank Policy Job at Treasury

Biden Picks Ex-Brown Senate Aide for Bank Policy Job at Treasury
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POLITICO Playbook: RIP BIF?

POLITICO Playbook: RIP BIF?
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