Category: Regulation and Deregulation of Industry

Powell and Yellen Suggest Need to Review Regulations After Bank Failures

The New York Times – Business:
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
A Big Question for the Fed: What Went Wrong With Bank Oversight?

The New York Times – Business:
As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, bank oversight is getting a closer look.
Push to Insure Big Deposits Percolates on Capitol Hill

The New York Times – Business:
The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
Markets Extend Gains as Focus Turns to Fed Meeting

The New York Times – Business:
Relief over recent financial rescue measures pushed stocks up for a second day, as investors prepared for a pivotal decision on interest rates.
Yellen Says U.S. Banking System Is ‘Stabilizing’

The New York Times – Business:
In prepared remarks, the Treasury secretary pledged that the Biden administration would remain vigilant amid financial turmoil.
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems

The New York Times – Business:
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
Two Big Ideas for Preventing Another Banking Crisis

The New York Times – Business:
How should bank regulation change in the wake of Silicon Valley Bank’s collapse?
Two Big Ideas for Preventing Another Banking Crisis

The New York Times – Business:
How should bank regulation change in the wake of Silicon Valley Bank’s collapse?
Biden Asks Congress for New Tools to Target Executives of Failed Banks

The New York Times – Business:
The request is a response to the federal rescue of Silicon Valley Bank and Signature Bank, and it seeks to impose new fines and other penalties.
Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists

The New York Times – Business:
The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.
Biden Asks Congress for New Tools to Target Executives of Failed Banks

The New York Times – Business:
The request is a response to the federal rescue of Silicon Valley Bank and Signature Bank, and it seeks to impose new fines and other penalties.
Silicon Valley Bank’s Parent Company Files for Bankruptcy

The New York Times – Business:
The move would place SVB Financial Group, which owns other businesses aside from the collapsed Silicon Valley Bank, into a court-led process as creditors look to recover funds.