Senate Democrats seek proposals for regulatory changes following recent bank closures
Senate Banking Committee Democrats today asked Treasury Secretary Janet Yellen for an assessment of possible regulatory and legislative changes needed ...
Tag: Bank closures
Biden urges regulators to adopt tougher rules for regional banks
President Biden today called on banking regulators to reinstate rules on regional banks that were “rolled back” during the Trump ...
Senators question regulators’ role in SVB collapse
During a Senate Banking Committee hearing this week, regulators agreed that rules governing financial institutions should be strengthened to better ...
Barr: Fed to pursue debt requirements for large banks
The Federal Reserve will propose a long-term debt rule for large banks that are not globally systemic important banks, which ...
Gruenberg: Deposit fund assessment proposal coming in May
The FDIC estimates that the cost of resolving Silicon Valley Bank will likely be $20 billion, which will be recovered ...
First Citizens Bank acquires SVB deposits, loans
The FDIC announced late Sunday that First Citizens Bank & Trust of Raleigh, North Carolina, has agreed to purchase and ...
Sen. Brown: Nonbanks should play by same rules as banks
One area where many lawmakers and bankers can come together is in the belief that everyone should be playing by ...
Rep. McHenry warns against seeking quick fixes for bank failures
In the matter of the Silicon Valley Bank and Signature Bank failures, lawmakers must first gather the facts and determine ...
Rep. Waters: ‘Deep dive’ needed to explore causes of banks’ collapse
There were “missed opportunities" to see what was happening with SVB’s balance sheet and to correct things before collapse, Waters ...
Yellen: Uninsured depositors at small banks protected if contagion risk exists
Federal regulators would provide similar protections for uninsured depositors at smaller banks as they did for Silicon Valley Bank and ...
