Treasury Department – Page 43

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.

By Marie Solis

Banking and Financial Institutions Senate Committee on Finance Signature Bank Silicon Valley Bank Treasury Department

Yellen Says U.S. Banking System ‘Remains Sound’ Amid Market Turmoil

The Treasury secretary also reassured Americans that their savings were safe.

By Alan Rappeport

Banking and Financial Institutions Biden, Joseph R Jr Federal Deposit Insurance Corp Federal Reserve System National Economic Council (US) Powell, Jerome H Silicon Valley Bank Treasury Department United States Economy United States Politics and Government

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.

By Alan Rappeport Lauren Hirsch Jeanna Smialek and Jim Tankersl

Banking and Financial Institutions Biden, Joseph R Jr Deposit Insurance Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Federal Deposit Insurance Corp Federal Reserve Bank of San Francisco Federal Reserve System Regulation and Deregulation of Industry Signature Bank Silicon Valley Bank Treasury Department United States Economy

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.

By Jeanna Smialek and Alan Rappeport