Regulators can protect deposits over $250,000 if they determine that a bank’s failure pose a systemic risk, but some lawmakers have pushed for more sweeping coverage.
Category: Regulation and Deregulation of Industry
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How Far Can Regulators Go to Protect Uninsured Deposits?
The New York Times – Business: -
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.
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Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’
The New York Times – Business:The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.
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Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says
The New York Times – Business:The C.F.T.C. wants to permanently ban the cryptocurrency exchange and its founder from commodities markets.
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Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
The New York Times – Business:Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.
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Investors Try to Parse Jay Powell and Janet Yellen’s Next Moves on Banks
The New York Times – Business:Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.