Banks Prefer Schumer Over Sherrod Brown for Chairman
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Senator Charles Schumer has shown no shortage of ambition. So the New York Democrat’s silence about his possible interest in taking over as chairman of the Banking Committee worries large banks.
If Schumer were to pass on the job, one of the next Democrats in line is Sherrod Brown of Ohio, an outspoken critic of Wall Street who’s behind a move to require the largest U.S. banks to shrink. Schumer, who declined through a spokesman to comment on whether he’s interested in the post, is the Senate’s third-ranking Democrat and is seen as a potential successor to Democratic Leader Harry Reid.