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Bank capital rules are likely on the way as embattled FDIC chair survives hearings

Federal Deposit Insurance Corporation chair Martin Gruenberg testifies in the House of Representatives in November.
Federal Deposit Insurance Corporation chair Martin Gruenberg testifies in the House of Representatives in November. Photo: SAUL LOEB/AFP via Getty Images

A push to force banks to hold more capital appears to have cleared a major hurdle, as the leader of a top regulator seems likely to ride out efforts to oust him for misconduct.

At hearings in the House and Senate on 15 and 16 May, Federal Deposit Insurance Corporation Chair Martin Gruenberg faced some calls to resign over his own admitted wrongdoing and that at his agency. But the pressure thus far doesn’t seem to be enough to push him out, some analysts said.

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