The US Federal Reserve will meet next month with Blackstone Inc. Chief Executive Officer Stephen Schwarzman, Robinhood Markets Inc. CEO Vlad Tenev and Treasury Secretary Scott Bessent to discuss challenges affecting community banks, among other themes.
The conference on Oct. 9 is the brainchild of Fed Governor Michelle Bowman, a former community banker who held a similar event in July focused on issues affecting the biggest US lenders.
Michelle Bowman
Photographer: Julia Nikhinson/Bloomberg
Bowman, the agency’s top bank cop, is seeking to reshape the Fed’s supervision framework for community banks to insulate them from capital requirements crafted for larger, more complex lenders. ...
