U.S. banks including Goldman Sachs should be banned from owning commodities businesses because they could threaten the institutions and global supply chains, Senators Sherrod Brown and Elizabeth Warren told the Federal Reserve.
The big banks should not be able allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.
Betty Liu reports Wednesday's top headlines.
Bloomberg's Stephanie Ruhle, Hans Nichols and Erik Schatzker report on the details behind Monday's headlines.
Wall Street's most prominent critics may be kept off the Senate's banking committee.
U.S. Senate candidate Elizabeth Warren, in a high-profile speech at the Democratic National Convention, intensified her criticism of Wall Street, saying CEOs who wrecked the U.S. economy with risky bets 'still strut around Congress' and demand favors from lawmakers.