Banks Cheer, Fed Splits on Plan to Revamp Supervisory Ratings

Also, OMB chief goes after Powell on headquarters renovation; Gould confirmed to lead OCC

Another day, another split on the Fed’s board of governors. Today’s contention was sparked by a proposal to change how the largest U.S. banks are graded by supervisors. Like last month’s move to recalibrate the leverage ratio, the overhaul was spearheaded by new Vice Chair for Supervision Michelle Bowman. It drew a sharp dissent from Michael Barr, who w…