Wall Street experts invade the Fed

Two prominent private equity mavens have joined the Federal Reserve Bank as relations between Washington and Wall Street become more strained and the Fed increases involvement in financial bailouts.

Stephen Friedman and John A. Canning Jr. will take the respective helms of the two most powerful branches of the 12 banks of the Federal Reserve.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions