2/10/2024 0 Comments Barney frank bank boardHe added, "Obviously people will say, Oh, hey mister, you told everybody else how to run a bank and the bank you were helping run failed."įrank said in an interview with The New York Times that regulators took control over Signature Bank in order "to encourage the others," to stay away from cryptocurrency assets, saying, "I think we were shot to encourage the others to stay away from crypto. Barney Frank said, but he argues that the bank had already stabilized before New York. Crypto panic sparked a deposit run on Signature Bank, former Rep. Andrew Ackerman of the Wall Street Journal joins CNBCs Brian Sullivan and Last Call to discuss Barney Franks efforts to ease financial regulations after he joined the. The former lawmaker, a Signature Bank board member, said in a Monday interview with CNBC that regulators targeted the bank to send an anti-crypto message. Frank is an architect of the Dodd-Frank Act and a member of the Signature Bank board. Ex-congressman and the man behind the Dodd-Frank Act Barney Frank has said Signature Bank was shuttered in part to attack the digital asset industry. ![]() "And then having retired, not having a pension by my choice, not wanting to be a lobbyist for reasons personal, I need to make some money." Barney Frank believes regulators closed Signature Bank to show that crypto is toxic. "I worked as a member of Congress for a certain objective," Frank, a Democrat, said. In an interview with the Financial Times, Frank defended his seat on the board of Signature Bank which he took up in 2015, two years after leaving Congress. LEHMAK CALIFORNIA BRUCE A MORRISON CONNECTICUT MARCY KAPTUR OHIO BEN ERDREICH ALABAMA THOMAS R CARPER DELAWARE ESTEBAN. Barney Frank tells Financial Times, I need to make some money. Barney Frank, a key architect of financial-crisis era legislation that reshaped the financial industry, is joining a bank board. ![]() ![]() Archaeology Biology Physics Business Earnings Energy & Oil. Defending his role on the board of the failed Signature Bank, former Massachusetts Rep. Signature Bank was shuttered following the collapse of Silicon Valley Bank last week. Barney Frank Pushed to Ease Financial Regulations After Joining Signature Bank Board - WSJ Africa Middle East U.K. Former congressman Barney Frank this week defended his holding a seat on the board of Signature Bank, which was recently shuttered by regulators and taken over by New York officials. The sudden move shocked executives of Signature Bank, a New York-based institution with deep ties to the real estate and legal industries, said board member and former U.S.
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