![]() House of Representatives from Massachusetts from 1981. and Signature Bank Director Barney Frank. Barnett Frank (born March 31, 1940) is a former American politician. "I was flattered to be asked," said Frank, who retired from congress in 2013 and became an author, public speaker and NBC contributor. and Signature Bank Director Barney Frank has described the final days at the ill-fated bank. (Of note: One of Signature’s directors is Barney Frank. deposit insurance surcharge from the F.D.I.C. According to the WSJ the bank posted its 22nd consecutive quarter of record earnings last quarter. Bank runs are even more dangerous in the age of social media. Signature works primarily with privately-owned businesses, and has posted good results, even while other banks have struggled. Custodian banks will become the biggest threat to FX prime brokers if clearing is introduced to foreign exchange, according to Jason Vitale, global head of. It was a seemingly unthinkable scene: Barney Frank, co-author of the Dodd-Frank Act, the radical overhaul of the banking system after the 2008 global. "They don't get involved with exotic derivatives and credit default swaps," he said. Barney Frank, who joined Signature Bank’s board after a distinguished career in Congress, said the landmark financial reform law that he helped write after the 2008 financial crisis played a. ![]() It aimed to make risk-taking behavior more difficult for companies and shift power to the consumers.ĭuring the interview with the Wall Street Journal, Frank said he liked Signature Bank's business model because it didn't include the financial products he found so troubling during the crisis. That was right after Frank was appointed to the board of directors of New York-based Signature Bank on Wednesday, the Wall Street Journal reported.įrank was a linchpin in passing his name-sake post-crisis financial reform, which placed significant restrictions on bank activities. The retired House Democrat known for introducing the Dodd-Frank Wall Street Reform act back in 2009 recently said he is "very supportive of banking."
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