FDIC’s Hill cautions against regulatory overreaction to bank closures
As policymakers draft new rules in response to the recent bank failures, it important not to overreact and saddle the ...
Tag: Bank closures
Fed’s Bowman again urges targeted regulatory response to bank failures
Federal Reserve Governor Michelle Bowman once again called for a “targeted” regulatory response to the recent bank failures, pushing back ...
Sens. Tillis, Tester call for independent investigation of bank failures
Sens. Thom Tillis (R-N.C.) and Jon Tester (D-Mont.) urged President Biden to appoint an independent investigator to further probe the ...
Regulators, CEOs testify in hearings on bank failures
Federal banking regulators testified before the House Financial Services Committee during the first of five congressional hearings this week on ...
Fed’s Bowman urges targeted regulatory response to bank closures
The unique nature and business models of the banks that recently failed do not justify imposing new, overly complex regulatory ...
California regulator faults self, technology for SVB closure
State and federal banking regulators did not take steps to ensure that Silicon Valley Bank more quickly address problems identified ...
FOMC raises rates by 25 basis points
The Federal Open Market Committee announced it would raise the target range for the federal funds rate by 25 basis ...
JPMorgan Chase to assume deposits, acquire assets of First Republic Bank
First Republic Bank in San Francisco was closed May 1 by the California Department of Financial Protection and Innovation, which ...
Post-mortem reports on bank failures highlight supervisory missteps, call for changes
Federal Reserve supervisors did not fully appreciate the extent of the vulnerabilities as Silicon Valley Bank grew in size and ...
House Oversight Committee probes San Francisco Fed’s role in SVB failure
House Oversight and Accountability Committee leaders wrote to San Francisco Federal Reserve Bank President and CEO Mary Daly requesting documents ...
