The ranks of regulators Wall Street loves to hate will lose one of its last and most prominent voices next week when Thomas Hoenig steps down as vice chairman of the Federal Deposit Insurance Corp.
A free-market conservative who often saw eye-to-eye with pro-regulation forces, Hoenig has consistently argued that big banks should have huge stockpiles of capital and be less leveraged, a view that has become increasingly unfashionable in President Donald Trump’s Washington.
