silicon valley bank

Let’s Not Play The Blame Game, Say Lawmakers Blamed For Bank Failures

Authors of a 2018 law rolling back bank regulations are oblivious to a damning report from the Federal Reserve.
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Congress Helped Set Stage For Silicon Valley Bank’s Failure, Federal Reserve Says

An investigation by the Federal Reserve hammers the "shift in the stance of supervisory policy" that lawmakers initiated in 2018.
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Fed Faults Silicon Valley Bank Execs — And Itself — In Bank Failure

The report points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems.
By Christopher Rugaber and Ken Sweet, AP

Biden Tells Bank Regulators To Restore Financial Regulations Weakened Under Trump

The president is essentially asking regulators to reverse a 2018 law – without legislation.
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Senators File Bipartisan Bill To Claw Back Pay From Failed Bank Executives

Sens. Elizabeth Warren (D-Mass.) and Josh Hawley (R-Mo.) teamed up on a bill that suggests there could be a bipartisan response to recent bank failures.
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Troubled Silicon Valley Bank Acquired By First Citizens

First Citizens will acquire much of the tech-focused financial institution that collapsed this month.
By AP

Federal Reserve Hikes Interest Rates Again, Despite Bank Failures

One analyst said this interest rate increase, the ninth in the past year, shows the Fed's "willingness to roll the dice" with the economy.
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Fed Facing A Blurrier Outlook As It Meets To Weigh Rate Increase

Most economists expect the Federal Reserve to announce a relatively modest quarter-point hike in its benchmark rate, its ninth hike since March of last year.
By Christopher Rugaber, AP

Sharon Stone Tearfully Says She Lost A Fortune 'To This Banking Thing'

"I just lost half my money to this banking thing, and that doesn’t mean that I’m not here," Stone said at the Women's Cancer Research Fund gala.
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Biden Calls On Congress To Punish Executives At Failed Banks

The president says regulators should be able to "claw back compensation from executives."
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