Former RBC exec Ahn gets new job; Citi’s Raghavan shakes up team
Canaccord Genuity Group hires Nadine Ahn, who was fired from Royal Bank of Canada in April; Citigroup establishes a new banking executive team to oversee its commercial and investment banking work under Vis Raghavan; and more in this week’s banking news roundup.
Australia bans some card fees; Revolut tops UK fraud reports
Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.
CFPB’s Chopra pans so-called ‘Chopra doctrine’ of expanding authority
Rohit Chopra, the director of the Consumer Financial Protection Bureau, said his tenure at the agency could be characterized as simply reading statutes rather than finding novel ways to enforce regulations.
Wealth management powers big quarter for Morgan Stanley
The New York-based investment bank reported higher revenues across all business lines, with double-digit increases in wealth management and investment banking.