Sen. Elizabeth Warren called on regional Federal Reserve banks to ban ownership of individual stocks among their top officials
Sen. Elizabeth Warren is calling on regional Federal Reserve Banks to set rules that would prevent their leaders from trading individual stocks, following recent disclosures that the chiefs of the Boston and Dallas banks actively traded stocks and other investments last year.
“The controversy over asset trading by high-level Fed personnel highlights why it is necessary to ban ownership and trading of individual stocks by senior officials who are supposed to serve the public interest,” Ms. Warren wrote in letters addressed to the leaders of the 12 regional Fed banks.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Warren Urges Fed To Break Up Wells Fargo For 'Abusive And Unlawful' Practices'Wells Fargo is an irredeemable repeat offender,' the senator wrote in a letter as she warned the bank's practices cost consumers 'hundreds of millions' of dollars.
Read more »
Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk'Wells Fargo is an irredeemable repeat offender; the Fed must act,' Sen. Elizabeth Warren said Tuesday in a letter to Fed Chairman Jerome Powell.
Read more »
Warren urges Fed to break up ‘irredeemable’ Wells Fargo, says customers still at risk'Wells Fargo is an irredeemable repeat offender; the Fed must act,' Sen. Elizabeth Warren said Tuesday in a letter to Fed Chairman Jerome Powell.
Read more »
Biden administration revokes Trump-era rule on student loan oversight, paves way for probesBiden admin. revokes Trump-era rule that consumer advocates say allowed the Education Dept. to subvert state law enforcement probes of student loan servicers — one of a series of recent overhauls that could pave the way for more robust investigations.
Read more »
On’s IPO Is A ‘Starting Line’ For The Fastest-Growing Athletic Shoe Brand In U.S.Launched in 2010 by Olivier Bernhard, Caspar Coppetti and David Allemann with the brand's unique CloudTec technology for running, the distinct outsole technology quickly caught on in the running community with the Cloud silhouette and the brand immediately expanded out of Switzerland.
Read more »
Drive-through drinks company Dutch Bros.’ shares jump 60% in their trading debutLaunched in Oregon in 1992 by third-generation dairy farmers, Dutch Bros. separates itself from the competition using music and speed.
Read more »