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Bloomberg News
"As a general matter, [financial holding companies] should be prohibited from owning physical assets like warehouses, pipelines, and tankers," Sherrod Brown wrote with fellow Democratic senator Elizabeth Warren. "These activities pose significant safety and soundness, legal, and reputational risks to institutions."

Brown, Warren Ask Regulators to Ban Banks from Owning Physical Assets

Sens. Sherrod Brown, D-Ohio, and Elizabeth Warren, D-Mass., urged regulators on Wednesday to tighten restrictions on banks involved in physical commodities markets.

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