Economy May 16 WATCH: Executives from failed banks face Senate questions on risk management By Ken Sweet, Associated Press
Economy Apr 28 Fed faults Silicon Valley Bank executives, itself in bank failure Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve says in a highly-anticipated review of how the central bank failed to properly supervise the bank before it… By Christopher Rugaber, Ken Sweet, Associated Press
Economy Apr 11 WATCH: Yellen holds news conference during worrying IMF-World Bank spring meetings U.S. Treasury Secretary Janet Yellen held a news conference Tuesday as the outlook for the world economy has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. By Paul Wiseman, Fatima Hussein, 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 29 WATCH: Yellen testifies on Treasury budget in House hearing amid questions about banking system Treasury Secretary Janet Yellen testified on the department's budget Wednesday morning. By Associated Press
Mar 28 Watch 6:04 The factors behind Silicon Valley Bank’s collapse By Paul Solman, Diane Lincoln Estes, Ryan Connelly Holmes As lawmakers hold hearings about the collapse of Silicon Valley Bank, Economics Correspondent Paul Solman takes a look at what factors were behind the second-largest bank failure in U.S. History. Continue watching
Mar 28 Watch 3:16 Congress investigates why bank failures were not prevented despite warning signs By Lisa Desjardins, Alexis Cox, Eliot Barnhart Tuesday started two days of hearings about the failure of Silicon Valley Bank and the role of federal regulators both before the bank's collapse and since then. Lawmakers from both parties criticized top officials and dug into what went wrong. Continue watching
Mar 28 Federal Reserve considering stronger bank rules after SVB failure, official says By Christopher Rugaber, Associated Press 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… Continue reading
Mar 28 WATCH: Senate panel holds hearing on recent bank failures and the federal response By Christopher Rugaber, Associated Press The Federal Reserve’s bank supervisors warned 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 Tuesday, but its managers failed to take the steps necessary… Continue reading
Mar 27 First Citizens strikes deal to acquire troubled Silicon Valley Bank By Associated Press While more than half of Silicon Valley’s assets will remain in U.S. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks. Continue reading