Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Posted inBanking and Financial Institutions Federal Reserve System Powell, Jerome H Quarles, Randal K Regulation and Deregulation of Industry Shutdowns (Institutional) Signature Bank Silicon Valley Bank United States Politics and Government

Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue

Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
How Washington Decided to Rescue Silicon Valley Bank
Posted inBanking and Financial Institutions Biden, Joseph R Jr Federal Deposit Insurance Corp Federal Reserve System National Economic Council (US) Powell, Jerome H Silicon Valley Bank Treasury Department United States Economy United States Politics and Government

How Washington Decided to Rescue Silicon Valley Bank

Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.