People

President Obama is expected to appoint Elizabeth Warren as an assistant to the president and special advisor to Treasury Secretary Tim Geithner tasked with getting the new consumer protection bureau on its feet, a Democratic official said late Wednesday.

Senate Democrats largely supported the idea of appointing Elizabeth Warren as the temporary head of the Consumer Financial Protection Bureau, with one key exception — Banking Committee Chairman Chris Dodd — who joined Republicans in arguing such a move would be a "mistake."

The White House is considering appointing Elizabeth Warren as interim head of the Consumer Financial Protection Bureau, bypassing a likely Senate confirmation battle, according to sources.

Citigroup has hired a pair of executives from Morgan Stanley to run its U.S. consumer and commercial banking division.

Kenneth M. Donohue, Inspector General for the Department of Housing and Urban Development, is leaving the agency in October after more than eight years of service.

President Obama said on Friday that an announcement of a nominee to head the Consumer Financial Protection Bureau is coming "soon."

With the 2010 elections close at hand, Democrats are at risk of losing their No. 2 lawmaker on the House Financial Services Committee.

The head of the Philadelphia Housing Authority — the nation's fourth-largest such agency — took home more than a quarter of a million dollars last year but still had trouble paying his mortgage.

Gregory Baer, a deputy general counsel at Bank of America Corp., is leaving the Charlotte-based firm to join JPMorgan Chase & Co. as managing director and general counsel in the bank's corporate and global regulatory division.

Jason Gillespie, a senior vice president in the warehouse lending division of Southwest Securities FSB, has left the bank, the second senior official in the unit to depart within the past three weeks.