Hints and tips:
...Along with the equity raise, NYCB said Joseph Otting, a former US banking regulator who ran OneWest for Mnuchin, would take over as NYCB CEO....
...After the deal closed, Otting was named chief executive of the bank, which was renamed OneWest and later sold to CIT....
...The lender, renamed OneWest Bank, was eventually sold to CIT Group, a lucrative deal for Mnuchin. Some of Mnuchin’s colleagues at Goldman and in Washington will play a big role in his bet on NYCB....
...Prior to leading the OCC, Mr Otting was a bank executive, serving as chief executive of OneWest bank and vice-chairman of US Bancorp....
...CtW also pointed to CIT’s acquisition of OneWest Bank under Mr Thain, which eventually resulted in a multimillion-dollar writedown....
...The 50-year-old lawyer — whose career includes roles at OneWest Bank and Fannie Mae as well as, most recently, as chief legal officer at the cryptocurrency exchange Coinbase — was appointed acting head of...
...OCC head Joseph Otting and Treasury secretary Steven Mnuchin are former executives at OneWest, a Pasadena-based bank accused of falling short on CRA....
...The Pasadena-based bank that Mr Mnuchin chaired, renamed OneWest, foreclosed on 36,000 homes in California alone between 2009 and 2014, he notes....
...In her campaign, Harris has been criticised for choosing not to prosecute OneWest Bank for alleged foreclosure violations in 2013 when it was owned by Steven Mnuchin, the current US Treasury secretary....
...She has also attracted scrutiny for her decision not to prosecute Steven Mnuchin’s OneWest Bank for alleged foreclosure violations in 2013....
...Mr Otting, a former chief executive of OneWest Bank and ally of Steven Mnuchin, the Treasury secretary, is the day-to-day regulator for national banks such as Wells Fargo, Bank of America and JPMorgan Chase...
...Mr Otting, a former CEO of OneWest Bank and ally of Steven Mnuchin, the Treasury secretary, is the day-to-day regulator for national banks like Wells Fargo, Bank of America and JPMorgan Chase....
...Under the leadership of Joseph Otting, a former chief executive of OneWest Bank and a close ally of Steven Mnuchin, the Treasury secretary, the agency has taken a series of bank-friendly steps....
...The OCC, meanwhile, could soon be run by Joseph Otting, a former CEO of OneWest Bank and a close ally of Steven Mnuchin, the Treasury secretary. The Senate is due to vote on his nomination this week....
...On Tuesday the White House said the US president had put forward Joseph Otting, the one-time chief of OneWest Bank, to regulate national banks as the head of the Office of the Comptroller of the Currency...
...Mr Otting faced questioning over his role at OneWest, the bank he ran with Treasury secretary Steven Mnuchin, and which has come under intense scrutiny for its foreclosure practices....
...Mr Otting faced questioning over his role at OneWest, the bank he ran with Treasury Secretary Steven Mnuchin, and which has come under intense scrutiny for its foreclosure practices....
...At the Office of the Comptroller of the Currency, Joseph Otting, a former banker and colleague of Mr Mnuchin’s at OneWest, a big bank in Pasadena, is awaiting confirmation....
...Mr Trump has already named former OneWest chief Joseph Otting to be comptroller of the currency and former GOP staffer Jim Clinger as chairman of the Federal Deposit Insurance Corporation....
...Mr Trump has nominated Joseph Otting, former chief executive of OneWest Bank, as a permanent head of the OCC....
...The memo was dated January 2013, four years after Mr Mnuchin led an investment consortium in taking control of IndyMac, the bust mortgage bank which he renamed OneWest....
...Mr Mnuchin spent 17 years at Goldman before becoming a hedge fund manager, film financier and chairman of Pasadena-based OneWest Bank....
...Yet that is the sum for which OneWest, the bank he chaired, tried to foreclose on the house of Ossie Lofton two years ago....
...Only one deal — CIT’s purchase of OneWest — has crossed the $50bn threshold successfully. Some other deals have been approved after delays....
...In recent weeks Mr Mnuchin has come under repeated attack from Democrats and progressive activist groups over foreclosure practices at OneWest, the bank he used to chair....
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