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Citigroup this week hired former White House Budget Director Peter Orszag as vice chairman of its investment banking division.

In January, Rep. Randy Neugebauer, R-Tex., will become chairman of a House Financial Services subcommittee where he will conduct extensive oversight hearings on regulatory implementation of the Dodd-Frank Act.

Seattle-based e-signature provider DocuSign closed a $27 million investment from Scale Venture Partners and added one of the venture capital firms’s managing directors to its board of directors. In addition, DocuSign added two executives to its management team.

Rep. Spencer Bachus (R-Ala.) was approved by the Republican conference Wednesday to become chairman of the Financial Services Committee next year.

Winthrop Watson will take over as president and chief executive of the Federal Home Loan Bank of Pittsburgh on Jan. 1, 2011, replacing John R. Price, who is retiring.

Regions Financial Corp., Birmingham, Ala., a top 30 ranked residential servicer, named Matthew Lusco senior executive vice president and chief risk officer.

Rep. Spencer Bachus was formally selected by the Republican Steering Committee on Tuesday to serve as chairman of the House Financial Services Committee next year, beating back a challenge from Rep. Ed Royce, R-Calif.

Edward Yingling will be joining the law firm of Covington & Burling after he steps down as the American Bankers Association's president and chief executive on December 31.

Don Curtis has departed as national sales manager for Franklin Credit Management, Jersey City, N.J., accepting a position with Carrington Mortgage Services, a privately held specialty servicer.

Joseph Herbst, a top executive at two large corporate credit unions that failed under the weight of risky mortgage investments, emerged last week after being hired as the new CEO for CUMAnet, a mortgage lending credit union services organization based in Basking Ridge, N.J.