Banks
Oversight lawmakers continue to dig into SVP bank failure(The Center Square) – The House Oversight lawmakers tasked with finding out why Silicon Valley Bank failed earlier this year and threatened the health of the entire economy are pushing… Read More
Banks, Uncategorized
Regulators knew SVB was in trouble since 2021, did not step in(The Center Square) – A closer look at the months leading up to the collapse of Silicon Valley Bank, the second-largest bank collapse in history, shows that regulators saw the… Read More
Banks, Congress
Federal legislation hits bankers with 100% tax on profits from dumping pre-failure stocks(The Center Square) — Arizona Independent Sen. Kyrsten Sinema is co-sponsoring a bill to crack down on bank executives who may try to financially benefit amid a collapse. … Read More
Biden administration
Missourians shouldn’t be writing checks to pay for ‘billionaire’ bank failures in other states, Sen. Josh Hawley arguesMissourians shouldn’t have to pay for the failure of two banks in California and New York, an animated Sen. Josh Hawley tells The Heartlander. The Biden administration this week announced… Read More
Consumer Protection, Missouri
Missouri treasurer says state has no investments in failed bank(The Center Square) – Missouri has no investment in one of two failed banks, and the Missouri Bankers Association on Monday characterized the collapses as an extreme exception. “The State… Read More