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
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
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.
Lapses at the bank will be a focus as a top Federal Reserve official testifies to House and Senate committees this week.