Latest news with #MichaelGibson
Zawya
03-07-2025
- Business
- Zawya
US Fed bank supervision chief takes buyout, email says
WASHINGTON: Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reuters. In the message to fellow Fed officials, Gibson also said deputy directors Jennifer Burns and Arthur Lindo had likewise decided to retire later this year. "I understand that leadership transitions can be a time of uncertainty. However, I want to assure you that our organization is well-positioned to navigate these changes successfully," Gibson said. The Federal Reserve declined to comment. Gibson's retirement was first reported by Bloomberg. Fed Chairman Jerome Powell said in May that the central bank aimed to reduce its workforce by about 10% in coming years, aligning the bank with President Donald Trump's wider goal of shrinking the federal workforce. Gibson joined the Federal Reserve in 1992 and was appointed chief of bank supervision in 2011. (Reporting by Niket Nishant in Bengaluru and Douglas Gillison in Washington; Editing by Maju Samuel and Matthew Lewis)
Yahoo
02-07-2025
- Business
- Yahoo
US Fed bank supervision chief takes buyout, email says
WASHINGTON (Reuters) -Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reuters. In the message to fellow Fed officials, Gibson also said deputy directors Jennifer Burns and Arthur Lindo had likewise decided to retire later this year. "I understand that leadership transitions can be a time of uncertainty. However, I want to assure you that our organization is well-positioned to navigate these changes successfully," Gibson said. The Federal Reserve declined to comment. Gibson's retirement was first reported by Bloomberg. Fed Chairman Jerome Powell said in May that the central bank aimed to reduce its workforce by about 10% in coming years, aligning the bank with President Donald Trump's wider goal of shrinking the federal workforce. Gibson joined the Federal Reserve in 1992 and was appointed chief of bank supervision in 2011.
Yahoo
02-07-2025
- Business
- Yahoo
US Fed bank supervision chief takes buyout, email says
WASHINGTON (Reuters) -Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the central bank, according to an email from Gibson to Fed officials seen by Reuters. In the message to fellow Fed officials, Gibson also said deputy directors Jennifer Burns and Arthur Lindo had likewise decided to retire later this year. "I understand that leadership transitions can be a time of uncertainty. However, I want to assure you that our organization is well-positioned to navigate these changes successfully," Gibson said. The Federal Reserve declined to comment. Gibson's retirement was first reported by Bloomberg. Fed Chairman Jerome Powell said in May that the central bank aimed to reduce its workforce by about 10% in coming years, aligning the bank with President Donald Trump's wider goal of shrinking the federal workforce. Gibson joined the Federal Reserve in 1992 and was appointed chief of bank supervision in 2011. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-07-2025
- Business
- Bloomberg
Influential Fed Supervision Official Takes Voluntary Resignation
Michael Gibson, director of the Federal Reserve 's supervision and regulation division, has accepted the agency's voluntary resignation offer and plans to leave this month after more than three decades at the central bank, according to an internal email viewed by Bloomberg. Gibson, who joined the Fed as an economist in 1992, rose within the agency ranks under former Fed Governor Daniel Tarullo following the 2008 global financial crisis.
Yahoo
02-05-2025
- Climate
- Yahoo
Don't wait: How Hawaiʻi residents can prepare for summer season
HONOLULU (KHON2) — The days are getting longer and the weather is warmer! As we head into the dry summer months, fire officials urge residents to remain vigilant for wildfires. Fire departments statewide are working with different agencies to raise awareness during May — also known as Wildfire Awareness Month. 'Our risk is high,' fire experts warn as summer approaches Kauaʻi Fire Department Chief Michael Gibson explained that wildfires can cause 'significant destruction to homes, communities and public spaces.' The department said it is working with KEMA, Kauaʻi Police Department and the mayor's office to improve public alert messaging and incident management team training. As for residents and businesses, Kauaʻi fire officials offered various tips to help protect themselves from possible dead vegetation and other flammable materials, especially if it's within the first five feet of the home Refrain from using invasive grasses as they can overgrow when unmanaged. Instead, consider replanting low-lying, drought-tolerant, native ground cover Flammable materials should be removed from decks, porches, lanai and underneath the house Keep your lawn hydrated and shorter than four inches tall around the home. Do not mow in the day's heat or when the wind blows; never mow in dry vegetation. Have an escape route to a clear area safe from rapid-fire spread. Report possible fires — including signs of smoke or flames — to KPD dispatch and 911 if it's an emergency Large landowners and land stewards who want more guidance are encouraged to attend KFD's wildfire preparedness collaboration meeting in May. Interested attendees should contact KFD Fire Prevention Capt. Kaeo Kinoshita at jkinoshita@ Check out more news from around Hawaii More wildfire prevention tips can also be found on the 'Wildland Fire Action Guide & Safety Tips' tab of KFD's website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
