Tag Archives: SVB

Ashley Murray, Ohio Capital Journal The Biden administration, placing blame on Trump-era rollbacks, last 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 …

Ashley Murray, New Hampshire Bulletin 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 …

Days after U.S. Sen. Elizabeth Warren expressed outrage over the bonuses that Silicon Valley Bank executives were handing out hours before the bank failed, President Joe Biden on Friday called on Congress to strengthen regulatory powers to hold officials at failed banks accountable. The president said in a statement that …

V. Gerard (Jerry) Comizio, American University When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in. Now, both Democratic and Republican politicians are …

Sen. Elizabeth Warren (D-Mass.) and Rep. Katie Porter (D-Calif.) have introduced a bill to repeal part of a Trump-era bank regulation rollback law in the wake of the collapse of Silicon Valley Bank. The bill, called the Secure Viable Banking Act, would put banks with at least $50 billion in …

President Joe Biden on Monday reassured Americans that the banking system is safe in the wake of the sudden collapse of Silicon Valley Bank (SVB) and the federal takeover of a second bank. “Americans can have confidence that the banking system is safe. Your deposits will be there when you …