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![Michael Barr, Vice Chairman For Supervision of the Board of Governors of the Federal Reserve System, testifies before a Senate Banking, Housing, and Urban Affairs hearings to examine recent bank failures and the Federal regulatory response on Capitol Hill, Tuesday, March 28, 2023, in Washington.](https://woub.org/wp-content/uploads/2023/04/AP23087578041541-1-900x422.jpeg)
Fed official: Bank rules under review in wake of SVB failure
By: Christopher Rugaber I AP
Posted on:
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
![A person enters the Signature Bank headquarters in New York on March 13.](https://woub.org/wp-content/uploads/2023/03/ap23075696869225_wide-5d84c31241e9f384b6119bd33c519e7cae2fcc08-scaled-e1679070025262-900x422.jpg)
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
![Sen. Tim Kaine, a Democrat from Virginia, speaks during a news conference following the weekly Democratic caucus luncheon at the Capitol on Wednesday. He has his hands up in the "what are you gonna do" shrug. There is another guy behind him.](https://woub.org/wp-content/uploads/2023/03/gettyimages-1248346299-2698b8d0d2b1cc7e490f53a23e7b10cec22cfca6-scaled-e1679001187363-900x422.jpg)
Lawmakers are split on how to respond to the recent bank failures
By: Rachel Treisman | Lexie Schapitl | NPR
Posted on:
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