Push to Insure Big Deposits Percolates on Capitol Hill
Posted inBanking and Financial Institutions Deposit Insurance Federal Deposit Insurance Corp Federal Reserve System First Republic Bank Khanna, Ro Law and Legislation Regulation and Deregulation of Industry Signature Bank Silicon Valley Bank Treasury Department United States Politics and Government

Push to Insure Big Deposits Percolates on Capitol Hill

The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
Posted inBlackRock Inc Charles Schwab Corporation Executive Compensation Federal Reserve System Fink, Laurence D Goldman Sachs Group Inc internal-storyline-no Justice Department Khanna, Ro OpenAI Labs Porter, Katie (1974- ) Regulation and Deregulation of Industry Schwab, Charles R Signature Bank Silicon Valley Bank Warren, Elizabeth Waters, Maxine

Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal

The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
Lawmakers Propose Legislation to Tighten Rail Safety Regulations
Posted inChris Deluzio East Palestine, Ohio, Train Derailment (Feb 3, 2023) Hazardous and Toxic Substances House of Representatives Khanna, Ro Law and Legislation Norfolk Southern Corporation Railroad Accidents and Safety Regulation and Deregulation of Industry United States Politics and Government

Lawmakers Propose Legislation to Tighten Rail Safety Regulations

The train that derailed in Ohio was exempt from some federal safety requirements because it was not carrying enough hazardous material to be considered “high hazard.” Lawmakers want to lower the threshold.