Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Category: Regulation and Deregulation of Industry
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Regional Banks Slammed by Fear of a Broader Financial Crisis
The New York Times – Business:Across the country, banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.
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SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision
The New York Times – Business:The Federal Reserve has been rapidly raising interest rates to fight inflation. But making big moves could be tricker amid instability.
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Signature Bank’s Collapse Fueled by Crypto Bets and Run on Deposits
The New York Times – Business:Regulators said keeping open the 24-year-old institution, which held deposits from law firms and real estate companies, could threaten the financial system’s stability.
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Silicon Valley Bank Collapse: What We Know and How It Happened
The New York Times – Business:Regulators shut down Silicon Valley Bank on Friday, in the largest U.S. bank failure since the 2008 financial crisis.
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Yellen Says Regulators at Work to Contain Fallout From Silicon Valley Bank Collapse
The New York Times – Business:The Treasury secretary’s comments on Sunday morning sought to assure the public that the overall banking sector was safe.
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3 Lessons From Silicon Valley Bank’s Failure
The New York Times – Business:Here’s one takeaway: The bank’s extremely online clientele may have contributed to its downfall.
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Silicon Valley Bank Collapse Sets Off Blame Game Between Crypto and Tech
The New York Times – Business:The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
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Why China Is Turning the Screw Tighter on Oversight of Banking and Tech
The New York Times – Business:A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.