The finance ministers from the Group of Seven economic powers discussed issues including global trade, competitiveness, and economic growth in a virtual meeting on Monday, the Canadian finance ministry said in a statement.
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Michelle Bowman would likely take oversight of the nation’s largest banks in a new direction as the Trump administration makes it clear it wants to lift constraints on lenders and revisit a regulatory framework put in place after the 2008 financial crisis.
WASHINGTON (Reuters) -U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank's top regulatory post as vice chair for supervision where she is expected to oversee an agenda of relaxed rule-writing and bank oversight. A former community banker and frequent critic of overzealous bank regulation, Bowman would replace Michael Barr, who stepped down from the supervision post at the end of February to avert a potential legal dispute with the Trump administration. In a statement, Bowman thanked Trump for the nomination and said she would pursue "a pragmatic approach to supervision and regulation with a transparent and tailored bank regulatory framework that encourages innovation."
The administration of U.S. President Donald Trump this month gave Chevron 30 days through early April to wind down all oil operations and exports from Venezuela that are currently going to the United States under a license granted in 2022. Chevron has a presence in the U.S.-sanctioned South American country through joint ventures where PDVSA is the largest shareholder, with the Petropiar project at the vast Orinoco Belt being the most important partnership.