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Fed official: Bank rules under review in wake of SVB failure
By: Christopher Rugaber I AP
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WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top… Read More
Biden wants Congress to boost penalties for executives when mid-sized banks fail
By: NPR Washington Desk
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WASHINGTON (NPR) — President Biden on Friday urged Congress to pass legislation to increase the penalties on bank executives when mismanagement leads to bank failures. “When banks fail due to… Read More
Lawmakers are split on how to respond to the recent bank failures
By: Rachel Treisman | Lexie Schapitl | NPR
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WASHINGTON (NPR) — Days after the failure of two regional banks shook the financial industry, senators on Capitol Hill say they want answers but disagree on what action to take… Read More