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: Treasury Department
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Banks Are Borrowing More From the Fed: What to Know
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
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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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Fed Meeting Holds High Stakes for Biden
The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
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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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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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The Week in Business: A Banking Crisis
Meta conducts another round of layoffs. Fresh inflation data shows price increases remain stubborn. And TikTok’s C.E.O. will testify before Congress this week.
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Yellen Says U.S. Banking System ‘Remains Sound’ Amid Market Turmoil
The Treasury secretary also reassured Americans that their savings were safe.
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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.
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Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response.
The government took drastic action to shore up the banking system and make depositors of two failed banks whole. It quickly drew blowback.
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SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision
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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Silicon Valley Bank Fails After Run by Venture Capital Customers
The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday.