Sherrod Brown and Elizabeth Warren speak out against bank ownership of physical assets

Democratic Senators Elizabeth Warren and Sherrod Brown penned a letter to the Fed yesterday that warned of the perils from banks owning physical assets unrelated to the business of banking.

The six largest U.S. banks have a combined total of 14,420 subsidiaries, or roughly 2,400 each, reports Greg Robb.

Free newsletter signup
I agree to have my personal information transfered to MailChimp ( more information )
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.