A boardroom bust-up at the FDIC reveals President Biden’s distaste for big banks
As the heated language suggests, the stakes are in fact high. Along with insuring bank accounts, theis one of the institutions that approves bank mergers in America. That makes it a crucial player in the Biden administration’s plans to impose stricter rules on the financial system. And the Democrats have now taken full control of it after a nasty boardroom battle.’s board, which should in theory have let them have their way.
The clash is a window onto the efforts of progressives within the Democratic party to make their mark on the institutions overseeing the economy. Mr Chopra is an ally of Elizabeth Warren, a senator who is a champion of the Democrats’ left wing. Others liked by Ms Warren—notably, Lina Khan, head of the Federal Trade Commission, and Gary Gensler, chairman of the Securities and Exchange Commission—are also in key roles.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GB News accused of prejudicing Colston Four trialRightwing news channel published opinion piece criticising defendants but was not charged with contempt of court
Read more »
Hospitals bar visitors as NHS battles highest number of patients since FebruaryThe NHS is under huge strain from the Omicron surge – with Prime Minister Boris Johnson admitting last night that the health service is on a ‘war footing’.
Read more »
Electric car sales soar, but chip shortage hits marketElectric cars sales surged last year, but the SMMT warns that charging infrastructure needs investment.
Read more »
Johnson ‘considering new measures to help customers facing soaring energy bills’PM expected to take personal charge of meetings on energy crisis next week
Read more »
Ghislaine Maxwell: key juror has hired lawyer, trial judge saysMaxwell’s lawyers say they will request retrial after unidentified juror told reporters he was sexually abused as a child
Read more »