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Biden Picks BlackRock’s Deese To Head National Economic Council

PYMNTS

President-elect Joe Biden has announced a new director of the National Economic Council in Brian Deese , the current head of sustainable investing at BlackRock , CNBC reported. Under Obama's leadership, Deese worked to put together the bailout and reorganization of the U.S. automobile industry.

National 143
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Amid profit woes, City National will get an infusion of new leadership

American Banker

The move comes a few weeks after City National, which is a unit of Royal Bank of Canada, reported a quarterly loss. Greg Carmichael, the former CEO of Fifth Third, will join the Los Angeles bank as its executive chair.

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Alan Kaplinsky wins National Law Review Go-To Thought Leadership Award

CFPB Monitor

I am pleased to share with our blog readers that Alan Kaplinsky, who leads our firm’s Consumer Financial Services Group, was recently awarded the National Law Review’s Go-To Thought Leadership Award in Consumer Finance for his work on our blog, Consumer Finance Monitor. We certainly hope that our readers will agree.

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RBC is confident it can turn around City National, but not right away

American Banker

leadership, including former Fifth Third CEO Greg Carmichael, can turn around its struggling City National Bank franchise. Royal Bank of Canada is expressing optimism that new U.S.

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Mastercard General Counsel Tapped To Chair National Urban League

PYMNTS

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. “He I’m honored to be a part of that mission,” Murphy said as part of the National Urban League’s announcement.

National 122
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Punjab National Bank Discovers Second Defrauder

PYMNTS

Punjab National Bank revealed that it had been defrauded $556 million from a struggling borrower, Bhushan Power & Steel, according to a report by The Wall Street Journal. Punjab National Bank filed complaints with the Reserve Bank of India as well as the police after discovering Bhushan’s involvement with the loan money.

National 100
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Abrigo CEO Wayne Roberts announces retirement

Abrigo

He built a strong leadership team and an employee base that has been recognized consistently as one of the best places to work in Austin, Texas, and Raleigh, N.C., and in bank technology nationally. That meant building a company based on a great culture. A belief that you get results through people, not in spite of them.

Texas 370