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The Latest Breaking News from Martin J Gruenberg

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Los Angeles Times

Banking System Is Sound, Regulators Say In The Face Of Flurry Of Questions From Senate Banking Committee

Regulators faced the U.S. Senate Committee in the collapse of Silicon Valley Bank and Signature Bank as the banks to address risk

Zenger

FDIC official warned 4 years ago that uninsured regional bank deposits were an ‘underappreciated risk.’ No one listened, and we’re now paying the price

Regional banks “pose very significant challenges” for regulators, an FDIC board member wrote in 2019, long before Silicon Valley Bank’s failure.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Senators urge FDIC to give fair consideration to industrial banks

WASHINGTON — A bipartisan group of senators is supporting “industrial loan company” charters, a move that puts them at odds with House legislation over a controversial pathway for financial technology companies to access the traditional banking system.

Tribune News Service

Senators urge FDIC to give fair consideration to industrial banks - Roll Call

Nine senators from both parties are urging the FDIC to give fair consideration to industrial loan company charters.

Roll Call

Bank regulators eye climate risk scenarios, drawing GOP criticism - Roll Call

The Fed and FDIC consider how to test banks' resilience under various climate scenarios, but say they aren't stress tests.

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