For the first time in 18 months, Gary Gensler, the chair of the US Securities and Exchange Commission, appeared before the House Financial Services Committee on April 18
By Tomicah Tillemann and Chris LehaneWASHINGTON, DC/SAN FRANCISCO For the first time in 18 months, Gary Gensler, the chair of the US Securities and Exchange Commission, appeared before the House Financial Services Committee on April 18. At a time when the United Kingdom, the European Union, Japan and other advanced economies are developing new frameworks for regulating
First Republic — a "zombie bank" in the eyes of regulators and investors — is on the verge of needing a lifeline from the government or the private sector as it struggles to recover from a $100 billion deposit run.