The curious tale of Elizabeth Warren and the short-seller There is a juicy rumor in Washington, D.C., that Sen. Warren's crypto policy has been informed by a short-seller. But is it true? Fortune · Mar 31, 2023
Biden Eyes New Regulations As Congress Dives Into Silicon Valley, Signature Bank Failures President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 crisis Zenger · Mar 30, 2023
Lawmakers open to Biden’s call to claw back SVB executive pay WASHINGTON — President Joe Biden’s call for legislation that would allow regulators to claw back executive bonuses and stock sale proceeds in the lead up to the Silicon Valley Bank collapse has found a receptive audience on Capitol Hill. Tribune News Service · Mar 27, 2023
Will US consumers have to bail out struggling banks? WASHINGTON — Could taxpayers wind up bailing out wealthy customers at banks such as Silicon Valley Bank, Signature Bank and others that are struggling? McClatchy Washington Bureau · Mar 27, 2023
Lawmakers open to Biden’s call to claw back SVB executive pay - Roll Call Lawmakers from both parties are open to executive compensation clawback legislation after the failure of SVB and Signature Bank. Roll Call · Mar 27, 2023
Signature Bank threw a fundraiser for the congressman now probing how it failed WASHINGTON — Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue. Tribune News Service · Mar 21, 2023
Lawmakers float ways to recapture deposit insurance discipline - Roll Call The size of deposits covered by federal bank rescues has lawmakers talking about the discipline of a cap on deposit insurance. Roll Call · Mar 20, 2023
Elizabeth Warren says Jerome Powell has 'failed' at both of his jobs and shouldn't be Fed chair Powell's handling of the economy and banking regulations has left a lot to be desired for some critics. Fortune · Mar 20, 2023
US banks on bumpy path as First Republic’s troubles persist Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon. Tribune News Service · Mar 20, 2023
New York Community Bank agrees to buy a large portion of Signature Bank The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank's subsidiaries. WEKU · Mar 20, 2023
New York Community Bank to buy large part of failed Signature Bank, US agency says New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday. France 24 · Mar 20, 2023
New York Community Bank to buy failed Signature Bank New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday The Independent UK · Mar 20, 2023
New York Community Bancorp to take over failed Signature Bank Signature was one of 2 bank failures that threatened to kick off a broader crisis of confidence in the U.S. banking system Axios · Mar 20, 2023
Bank failures: Anger in Congress, but division on what to do Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks The Independent UK · Mar 18, 2023
Bangkok Post · Mar 18, 2023 Regional banks safe from US contagion Asia-Pacific banks are resilient to risks related to the failures of their US peers, says Fitch Ratings, noting that regional banks have limited direct exposure to Silicon Valley Bank (SVB) and Signature Bank.
Fortune · Mar 17, 2023 Who will bid for SVB? The FDIC is still trying to sell the bank, which is having trouble finding a buyer.
The Conversation · Mar 17, 2023 The collapse of major US banks leads to bills calling for more regulation When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.
The Guardian - US · Mar 17, 2023 Why did the $212bn tech-lender Silicon Valley bank abruptly collapse? Was it the result of Trump-era regulation rollbacks, risk mismanagement at the bank, sharp interest rate rises – or a combination of all three?
The Independent UK · Mar 17, 2023 Will Americans end up footing the bill for bank failures? The government’s response to the failure of two large banks has already involved hundreds of billions of dollars
The Independent UK · Mar 16, 2023 Big US banks benefit from surge in deposits after SVB and Signature Bank collapses Though some consumers have pulled their money out of smaller banks, a Treasury official said those withdrawls have slowed
Tribune News Service · Mar 16, 2023 Elizabeth Warren slams Powell for weak regulation, oversight of SVB Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.
Fortune · Mar 16, 2023 Barney Frank, Signature and crypto's role in the banking crisis The author of the famous Dodd-Frank law hints crypto is a fall guy in the current banking crisis.
Fortune · Mar 16, 2023 FDIC wants buyer of Signature Bank to give up crypto business, report says The failed New York-based bank was a popular option among crypto firms.
The Conversation · Mar 16, 2023 US regulators avoided a banking crisis by swift action following SVB's collapse – but the cracks it exposed continue to weaken the global financial system's foundation U.S. regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system.
The Independent UK · Mar 15, 2023 NY bank's demise: Contagion or a problem with the business? A New York-based bank's demise was stunningly fast