A new generation of cryptocurrency, pegged to the dollar, is growing rapidly, promising faster payments and potentially lower interest rates. But regulators and bankers warn of risks.
Category: Liang, Nellie
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SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
The New York Times – Business:Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
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Banking Regulators Prepare for Tough Questions from Lawmakers
The New York Times – Business:Three top officials will testify in Congress about the turmoil caused by the collapse of Silicon Valley Bank, and their role in it.
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Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why.
The New York Times – Business:Lapses at the bank will be a focus as a top Federal Reserve official testifies to House and Senate committees this week.