The FDIC released guidance Friday with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans. The agency also said it would consider relief from certain filing and publishing requirements.
Fed commissions independent review of Silicon Valley Bank failure
The Federal Reserve has hired an external firm to conduct a review of the Silicon Valley Bank failure, Fed Vice Chair for Supervision Michelle Bowman said.
