If bank bosses have learned one thing since the financial crisis, it’s that it’s much easier to inflict pain on an individual than a big, faceless company – and it’s really hard to hurt six faceless companies at the same time. That’s why the financial bosses who appeared before the U.S. Senate Banking Committee on Wednesday were mostly as bland as can be. Shareholders probably wouldn’t have it any other way.
U.S. Senate Banking committee votes in favor of Bidenâs pick for SEC chair By Syndicated Content
Mar 10, 2021 1:33 PM
WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Wednesday voted in favor of U.S. President Joe Biden s pick to chair the U.S. Securities and Exchange Commission, but was tied when it came to approving his nominee to run the Consumer Financial Protection Bureau.
With a 14-10 vote, Gary Gensler s nomination moved out of the committee recommending favorably to a full Senate vote. The committee was split 12-12 on Rohit Chopra, Biden s pick to be director of the Consumer Financial Protection Bureau.
By Reuters Staff
2 Min Read
FILE PHOTO: Gary Gensler testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill July 30, 2013. REUTERS/Jose Luis Magana/File Photo
WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Wednesday voted in favor of President Joe Biden’s pick to chair the Securities and Exchange Commission, but was tied when it came to approving his nominee to run the Consumer Financial Protection Bureau.
With a 14-10 vote, Gary Gensler’s nomination moved out of the committee with a favorable recommendation to a full Senate vote. The committee was split 12-12 on Rohit Chopra, Biden’s pick to be director of the Consumer Financial Protection Bureau, or CFPB.
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The U.S. Senate Banking Committee on Wednesday voted in favor of President Joe Biden's pick to chair the Securities and Exchange Commission, but was tied when it came to approving his nominee to run the Consumer Financial Protection Bureau.