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Sanders Bill Would Break Up Six Major Banks

October 10, 2018 by Eugene Grygo

Sanders Bill Would Break Up Six Major Banks

Without much fanfare, U.S. Senator Bernie Sanders, an independent representing Vermont, and U.S. Representative Brad Sherman, a Democrat from California, have introduced legislation before Congress that, if passed, would break up six of this country’s largest institutions by putting a cap on their size. As proposed, the bill’s main thrust is a limit on how… Read More >>

Filed Under: Securities Operations, Industry News, Mergers & Acquisitions, Operational Risk, Ops Automation, General Interest, Governance, FinTech Trends, Back-Office, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: Bernie Sanders, financial institutions, Kevin Fromer, legislation, U.S. Representative Brad Sherman, U.S. Senator Bernie Sanders

Senator Elizabeth Warren Proposes Jailing Wall Street Execs

March 22, 2018 by Louis Chunovic

Senator Elizabeth Warren Proposes Jailing Wall Street Execs

U.S. Senator Elizabeth Warren has introduced legislation that could send Wall Street executives found guilty of financial crimes to prison for up to five years. Moreover, if the executives are found guilty of financial crimes “while violating another law of the United States or as part of a pattern of any illegal activity involving more… Read More >>

Filed Under: Industry News, Operational Risk, Risk Management, Governance, Diversity, Equity, and Inclusion (DEI), Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: Elizabeth Warren, Ending Too Big to Jail Act, fraud on Wall Street, legislation, TARP, Treasury Department, U.S. Senator, Wall Street executives

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