Category: Treasury Department

Trump’s Indictment and What’s Next

The New York Times – Business:
The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.
Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank

The New York Times – Business:
The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions

The New York Times – Business:
Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
How Far Can Regulators Go to Protect Uninsured Deposits?

The New York Times – Business:
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.
Banks Are Borrowing More From the Fed: What to Know

The New York Times – Business:
As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
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.
Fed Meeting Holds High Stakes for Biden

The New York Times – Business:
The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
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.
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.
The Week in Business: A Banking Crisis

The New York Times – Business:
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.
Yellen Says U.S. Banking System ‘Remains Sound’ Amid Market Turmoil

The New York Times – Business:
The Treasury secretary also reassured Americans that their savings were safe.
How Washington Decided to Rescue Silicon Valley Bank

The New York Times – Business:
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.