Rodge Cohen is one of the most influential people behind the scenes of cleaning up the banking crisis.
Category: Regulation and Deregulation of Industry
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Investors Try to Parse Jay Powell and Janet Yellen’s Next Moves on Banks
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.
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Powell and Yellen Suggest Need to Review Regulations After Bank Failures
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
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A Big Question for the Fed: What Went Wrong With Bank Oversight?
As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, bank oversight is getting a closer look.
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Push to Insure Big Deposits Percolates on Capitol Hill
The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
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Markets Extend Gains as Focus Turns to Fed Meeting
Relief over recent financial rescue measures pushed stocks up for a second day, as investors prepared for a pivotal decision on interest rates.
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Yellen Says U.S. Banking System Is ‘Stabilizing’
In prepared remarks, the Treasury secretary pledged that the Biden administration would remain vigilant amid financial turmoil.
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Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
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.