Bloomberg The White House is considering more than a half-dozen candidates to be the next head of the Federal Reserve, including economists and business people, with a goal of filling out a depleted board with expertise ranging from financial regulation to community banking, according to three people familiar with the matter. The breadth of the search goes against the narrative ...

Bloomberg New York’s banking regulator ordered Habib Bank Ltd. to pay $225 million and surrender its license to operate in the state, effectively removing Pakistan’s largest lender from the US financial system. Managers in Habib’s branch office in Manhattan failed for more than a decade to shore up weak anti-money-laundering controls and sanctions compliance, New York’s Department of Financial Services ...

Bloomberg The rally in Indonesian bank stocks may be nearing an end amid sluggish credit growth and tougher regulations for loan quality assessments. Equity analysts are now downgrading banking stocks after the Jakarta Finance Index rallied 21 percent this year—more than double that of the main gauge—as they expect nonperforming loans in the $527 billion industry to creep up again. ...