Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brown, Warren Say Commodities Expose Banks to Unmanageable Risk

April 16 (Bloomberg) -- Senators Sherrod Brown and Elizabeth Warren urged the Federal Reserve to bar banks from owning physical commodity assets, saying the holdings expose financial holding companies to “unprecedented and unmanageable financial, legal, environmental, and reputational risks.”

Democrats Brown of Ohio and Warren of Massachusetts outlined their position in a statement released today, the deadline for public comments on the Fed’s proposal on banks’ commodity holdings.

Link to Company News:{BAC US <Equity> CN <GO>} Link to Company News:{C US <Equity> CN <GO>} Link to Company News:{GS US <Equity> CN <GO>} Link to Company News:{JPM US <Equity> CN <GO>} Link to Company News:{MS US <Equity> CN <GO>}

To contact the reporter on this story: Gregory Mott in Washington at gmott1@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.