Bank CEOs Can Take Heart: Annual Senate Showcase is no Longer a Flogging

Also, Finra gets some more unwanted attention from Republicans; SEC schedules final vote on mandatory clearing of Treasuries

The big bank CEOs have long complained about being hauled up to Congress each year for what is essentially a show trial. Or as lawmakers like to call it, “annual oversight of Wall Street.” Today, however, the eight executives who testified in front of the Senate Banking Committee deftly turned the situation to their favor, using the opportunity to take …