UBS managing director and senior portfolio manager Jason Katz discusses the benefits of private credit as banks shy away from lending on 'Varney & Co.'
People close to the SEC say Gensler, the chair since April 2021, will have to propose the ban himself and push it through the full five-member commission on a party-line vote. The two Republican commissioners, Hester Peirce and Mark Uyeda, will probably vote against any such measure. Gensler himself may have contributed to the calls for the ban. Last week, as regional bank shares were in free fall, Gensler issued a statement raising the specter that short sellers were manipulating the shares for personal gain.
A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023.