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Banking Law

Bank-Basher Gets His Chance as Wall Street’s New Senate Overseer

Jan. 8, 2021, 6:51 PM

Sherrod Brown, Wall Street’s likely new overseer in a Democratic-led Senate, is no fan of big banks -- though the industry is counting on the near deadlock in the chamber to forestall any sweeping legislative efforts to rein in lenders.

Ohio’sBrown is well known to finance executives through his time as the top Democrat on the Senate Banking Committee, where he has blasted “too-big-to-fail” firms, urged regulators to step up investigations, championed affordable housing and has been a reliable critic of private-equity firms and hedge funds.

Sen. Sherrod Brown
Photographer: Melissa Lyttle/Bloomberg

As the panel’s chairman, he will be a key player in...

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