The six largest U.S. banks, J.P. Morgan Chase & Co., Goldman Sachs Group, Wells Fargo & Co., Bank of America Corp., Citigroup Inc. and Morgan Stanley, collectively had their insiders sell $26 million of stock in January, the busiest start to the year since 2007, according to the Wall Street Journal.
The Federal Reserve Bank of Cleveland announced this past week that Loretta Mester will become its next president on June 1, according to the Wall Street Journal. Fester joined the Fed system in 1985 as an economist for the Philadelphia Federal Reserve Bank. This is the first presidential change in Cleveland’s Federal Reserve Bank in more than a decade.
– Information compiled by Anthony Ahlegian