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 ...
Tag: Bank closures
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 ...
ABA, state groups: U.S. banking sector remains resilient
The U.S. banking system remains the deepest and most resilient in the world, ABA and 51 state bankers associations said ...
FDIC vice chairman: Don’t blame regulatory tailoring bill for bank closures
Legislation that gave the bank regulators broad discretion over how they supervised certain banks had nothing to do with the ...
Chopra: Regulators can issue rules on executive compensation
CFPB Director Rohit Chopra said that existing law allows regulators “to really kick the tires” on executive compensation at failed ...
