Silicon Valley Bank

An officer guards the entrance to the Federal Reserve’s William McChesney Martin Building on March 13, 2023, in Washington, D.C. (Photo by Alex Wong/Getty Images)

White House calls on financial regulators to bring back safeguards for regional banks
BY: - March 30, 2023

WASHINGTON —  The Biden administration, placing blame on Trump-era rollbacks, Thursday called on federal banking regulators to reinstate safeguards for regional banks after the record-setting collapse of Silicon Valley Bank and Signature Bank of New York earlier this month. The White House wants the agencies to revive regular stress testing at banks in the $100- […]

A worker tells people that the Silicon Valley Bank headquarters is closed on March 10, 2023, in Santa Clara, California. Silicon Valley Bank was shut down by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. (Photo by Justin Sullivan/Getty Images)

Members of U.S. Senate panel press financial regulators on massive bank failures
BY: - March 28, 2023

WASHINGTON — Financial regulators promised a full review of Silicon Valley Bank’s massive failure as members of a key U.S. Senate panel on Tuesday interrogated the officials about what led to the second-largest bank collapse in U.S. history. Members of the Senate Committee on Banking, Housing and Urban Affairs asked if the Federal Reserve could […]

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