Economy May 16 WATCH: Executives from failed banks face Senate questions on risk management By Ken Sweet, Associated Press
Politics Mar 30 Biden calls to revive tighter bank regulations that Trump weakened Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system. By Fatima Hussein, Josh Boak, Associated Press
Economy Mar 28 Federal Reserve considering stronger bank rules after SVB failure, official says The Federal Reserve’s bank supervisors informed Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said, but the bank’s managers failed to take the steps necessary… By Christopher Rugaber, Associated Press
Economy Mar 17 Will Americans end up paying for bank failures? The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?… By Christopher Rugaber, Associated Press
Economy Mar 16 11 big banks create $30 billion rescue package for First Republic Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to stop the California-based bank from becoming the third bank to fail in less than a week. By Ken Sweet, Associated Press
Mar 15 How the digital era helped speed up bank runs By Ken Sweet, Stan Choe, Associated Press What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed. Last Wednesday afternoon, the $200 billion bank announced a plan to raise fresh capital; by Friday morning it was… Continue reading
Mar 15 How the 2008 financial crisis fuels today’s populist politics By Will Weissert, Associated Press Mike Pence and Bernie Sanders are hardly political allies. But after two large bank failures, the conservative former vice president and the democratic socialist senator are striking remarkably similar tones. Continue reading
Mar 14 Analysis: Why Silicon Valley Bank and Signature Bank failed so fast By Vidhura S. Tennekoon, The Conversation Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. Continue reading
Mar 13 What to know about the Silicon Valley Bank collapse By Christopher Rugaber, Ken Sweet, Associated Press Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks… Continue reading
Mar 17 Watch Reaction Is Mixed After Fed’s Efforts to Boost Economy Amid a slumping economy, the Federal Reserve has resorted to some unusual methods to stave off a recession, most notably its role in coordinating the bailout of lending giant Bear Stearns. Economics experts examine the Fed's action and the state… Continue watching