Two of the U.S. government’s most powerful banking regulators said, in response to pointed questions about their futures from Republicans on the House Financial Services Committee, that they have no plans to step down.

Ford outlined plans to lay off 4,000 employees in the U.K. and Germany in response to a series of losses it blamed on unprecedented competitive, regulatory and economic headwinds in Europe’s car market.

Investors are often hopeful spinoffs will lead to improved valuations. But one analyst questioned whether that will play out for Comcast given the decay of legacy media.