Wall Street
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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 | -
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 | -
Brown to HUD: Working Ohioans and Pensioners Must Not Pay the Price for Risky Wall Street Gambles
Following the agreement with the nation’s largest banks in response to last year’s robo-signing crisis, U.S. Sen. Sherrod Brown (D-OH) joined his colleague Sen. Bob Corker (R-TN) in urging the Administration to hold banks financially accountable for illegal practices and to prot...…Read More
Posted on 5/14/2012 | -
Following Recent Report Showing That Wall Street Betting Adds a 56-Cent Premium to Every Gallon of Gasoline, Brown Renews Call to Crack Down on Excessive Speculation
Following the release of a recent report showing that excessive Wall Street betting adds a 56-cent premium to every gallon of gasoline, U.S. Sen. Sherrod Brown (D-OH) renewed his call to the Administration to crack down on oil speculation. Brown was joined by Bud Burle, owner and operator o...…Read More
Posted on 3/14/2012 | -
Following Recent Report Showing That Wall Street Betting Adds A 56-Cent Premium To Every Gallon Of Gasoline, Brown Renews Call To Crack Down On Excessive Speculation
CLEVELAND, OH - Following the release of a recent report showing that excessive Wall Street betting adds a 56-cent premium to every gallon of gasoline, U.S. Sen. Sherrod Brown (D-OH) visited a gas station in Independence today to renew his call to the Administration to crack down on oil speculation. Brown was...…Read More
Posted on 3/11/2012 | -
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 |