Van Saun says the bank is remaining disciplined in terms of the price it is willing to pay for wealth firms.
The chain reaction to the Chinese property owner's woes may say more about the extreme attitude of global risk assets than it does about economic contagion.
Investors Monday rushed to price in the risk that China will miscalculate as it moves to curb its property market excesses without derailing the economy.
Draft legislation from Senate Finance Committee Chairman Ron Wyden of Oregon would end a system of deferred taxes on capital gains linked to ETFs.
In the wake of fresh regulatory action and a $250 million fine imposed on the bank this month, the senator asked the Fed to force the bank to separate its traditional bank and Wall Street businesses.
Municipal bond exchange-traded funds have attracted a record amount of cash this year as investors try to shield income from potentially higher levies under the Biden administration.
With the two most recent conversions, the firm boasts nine exchange-traded funds with about $40 billion in assets.
Consumers' medium-term outlook for inflation rose to the highest level seen since the Federal Reserve Bank of New York began its survey series in 2013.
In an attempt to appeal to moderates, House Democrats have proposed a package of tax increases that would raise the top rate on capital gains from 20% to 25%, instead of the 39.6% that Biden proposed.
The Office of the Comptroller of the Currency cited deficiencies in the bank's home-lending business and said it violated a 2018 order tied to past problems.
