Rachel Witkowski
American Banker
Washington, DC, United States
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Past articles by Rachel:
The cost of being crass and a broken rung on the career ladder
Fisher Investments is out more than $1 billion following Ken Fisher’s controversial remarks at a conference. Where do men pull ahead of women in promotions? Right from the start. Plus, a girls’ high school soccer team makes national news. → Read More
The need for male allies and other highlights of the 2019 Most Powerful Women gala
The awards gala was a who's who in banking, both at the podium and in the audience. The FHFA settles the sexual harassment complaint involving Mel Watt. And an OCC veteran talks about her career. → Read More
Who's new to the Most Powerful Women ranking for 2019?
Nearly a third of the women in the annual ranking are new additions, the largest amount in years. Here's an overview of the changes. Plus, Citi's Corbat on its bold gender equity move, and Wells Fargo's less bold CEO decision. → Read More
Beth Mooney exits, and the CEO boys' club goes on
How do you keep the all-male CEO club at the biggest banks intact? Let us count the ways. Could a woman be the next CEO at UBS? Maybe. At Wells Fargo? Less likely. → Read More
Regulators must issue AI guidance or FDIC will: McWilliams
The FDIC chief said it is critical to give the industry clarity on using emerging technologies, particularly for the thousands of community banks her agency oversees. → Read More
ABA voices 'serious concerns' about e-commerce firm's ILC bid
The industry trade group said Rakuten's non-financial activities raise questions about its pursuit of a banking charter. → Read More
FDIC eases requirements on deposit tracking
The agency's board voted 3-1 on Tuesday to give large banks additional time to comply with new rules that force them to keep better track of insured deposits. → Read More
State regulators expand multistate licensing process for fintechs
Nearly half the nation's state regulators have agreed to a new multistate licensing business for money servicers, including fintechs. → Read More
Google and PayPal explored OCC’s fintech charter, then walked away
Dozens of companies, including Google and PayPal, met with OCC officials last year in part to discuss obtaining a new fintech charter, but many ultimately decided not to pursue it, according to sources. Here's why. → Read More
First failed bank since 2017 will leave FDIC with hefty price tag
Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years. → Read More
Agencies closer to joint polices on CRA, small-dollar loans: FDIC head
Jelena McWilliams said federal bank regulators could begin "within a week or so" to discuss a draft proposal for reforming the Community Reinvestment Act. → Read More
Interest income pushes 1Q bank earnings up 9% to $61B: FDIC
More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday. → Read More
‘We were willing to shock historical norms’: Otting on OCC’s makeover
The comptroller, now a year and a half on the job, discusses his attempts to revamp the supervision process for national banks and make the agency run more efficiently. → Read More
Fintech charter delayed following court ruling: Otting
A recent court decision allowing New York’s financial regulator to proceed in a case meant to block the Office of the Comptroller of the Currency from offering fintechs a new federal banking charter is having a chilling effect on potential applicants. → Read More
FDIC announces new finance chief
Chief Financial Officer Steve App will be succeeded by Bret Edwards, who is now head of the FDIC's division of resolutions and receiverships. → Read More
Reg relief on living wills is a 'negative' for megabanks, Fitch says
Fitch Ratings issued a negative warning for global banks after federal regulators proposed some relief from resolution plan requirements. → Read More
N.Y. regulator’s suit to stop fintech charter gets green light
The Office of the Comptroller of the Currency had sought to dismiss the case, but a court ruling suggested that the state regulator’s claim may have merit. → Read More
OCC official provides more detail on financial innovation pilot
The head of the agency's innovation office said the program will be available only to OCC-regulated institutions. → Read More
Regulators plan meeting with law enforcement on banks’ AML burden
FDIC Chairman Jelena McWilliams revealed an effort by the banking agencies to gain better clarity on how authorities use the huge amounts of suspicious activity reports that banks must submit under anti-money-laundering laws. → Read More
OCC seeks comment on fintech pilot program
The proposed program would allow companies to test innovative products that “present significant opportunities or benefits” for consumers, businesses and other financial institutions. → Read More