Banks
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At Senate Banking Hearing, Brown To Call For Simplified, Strengthened Standards That Ensure Wall Street Megabanks Have Capital Needed To Prevent “Too Big To Fail”
During a hearing today, the Senate Banking Committee will examine efforts by U.S. banking agencies to adopt new bank capital standards that ensure financial institutions have the equity needed to back up their lending, investments, and trading practices. U.S. Sen. Sherrod Brown (D-OH), who c...…Read More
Posted on 11/14/2012 | -
Sens. Sherrod Brown, David Vitter Ask U.S. Banking Agencies to Simplify and Strengthen Bank Capital Standards
WASHINGTON, D.C.- Amidst growing calls from noted banking regulators and the nation’s community banks, U.S. Sens. Sherrod Brown (D-OH) and David Vitter (R-LA) are urging the U.S. banking agencies to simplify and strengthen new bank capital standards. With the U.S. beginning to implement the Basel ...…Read More
Posted on 10/17/2012 | -
At Banking Hearing, Brown Renews Call For Bill Ending “Too Big To Fail” Following Losses At Chase, Senate Banking Committee Examines Risk Management At Nation’s Largest Financial Institution
Following last month’s massive losses at JP Morgan Chase –regarded as one of the best-managed banks – U.S. Sen. Sherrod Brown (D-OH), chair of the Committee’s Subcommittee on Financial Institutions and Consumer Protection, renewed his call for improved oversight to pr...…Read More
Posted on 6/13/2012 | -
Senate Banking Committee Examines Whether Washington Regulators Are Protecting The Financial Stability Of Main Street
The Senate Banking Committee examined whether Washington regulators are protecting the financial stability of Main Street during a hearing today. U.S. Sen. Sherrod Brown (D-OH), who chairs the Committee’s panel on Financial Institutions and Consumer Protection, called for improved over...…Read More
Posted on 6/6/2012 | -
With Nearly 25% Of Ohio Homeowners Underwater On Their Mortgages, Brown Unveils New Plan To Improve The Housing Market By Addressing “Short Sale” Home Sales
COLUMBUS, OH-With nearly 25 percent of Ohio homeowners underwater on their mortgages, U.S. Sen. Sherrod Brown (D-OH) today unveiled a new plan to improve the housing market by addressing “short sale” home sales. Short sales are real estate transactions that must be approved by the bank because the...…Read More
Posted on 4/4/2012 | -
Banking Panel Examines Risky Executive Pay Practices at "Too Big to Fail" Megabanks
U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, conducted a hearing entitled, “Pay for Performance: Incentive Compensation at Large Financial Institutions” today. The hearing examined executive compens...…Read More
Posted on 2/15/2012 | -
Brown to Feds: Don't Let Wall Street Banks Use the Assets of Middle Class Ohioans to Pay the Penalty for Breaking the Law
As officials near a settlement agreement with the nation’s largest banks following last year’s robo-signing crisis, U.S. Sen. Sherrod Brown (D-OH) urged Administration officials and state attorneys general to hold banks financially accountable for illegal practices and to protec...…Read More
Posted on 1/19/2012 |