Project Syndicate: SVB’s failure proves the U.S. needs tighter banking regulations so that all customers’ money is safe
Ordinary depositors are not supposed to be managing bank risk; they should be able to rely on the regulatory system, writes Joseph Stiglitz.
| Date: | Mar. 18, 2023 10:47 AM ET |
| Link: | More at "MarketWatch" |
| Source: | MarketWatch.com - Top Stories - marketwatch.com |
| Category: | Business |
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Powell and Yellen Suggest Need to Review Regulations After Bank Failures
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
Mar. 22, 2023 - NYT > Top Stories - Top stories -
City braces for tighter regulation after banking turmoil
The failures of SVB and Credit Suisse could pause plans to water down post-crisis rules
Mar. 26, 2023 - World - World -
City braces for tighter regulation after banking turmoil
The failures of SVB and Credit Suisse could pause plans to water down post-crisis rules
Mar. 26, 2023 - UK homepage - Business -
Credit Suisse: US says bank deposits safe and available when needed
Janet Yellen said Americans can be confident they can access their money as global shares rebounded.
Mar. 16, 2023 - BBC News - Home - Top stories -
Is my money safe? What you need to know about bank failures.
Some bank customers are fretting over whether their cash is secure after the failure of Silicon Valley Bank. .
Mar. 15, 2023 - Home - CBSNews.com - Top stories -
Regulation at center of Senate committee debate over bank failures
The Senate Banking Committee held its first hearing on the collapse of Silicon Valley Bank and Signature Bank featuring testimony from Federal Reserve Vice Chair Michael Barr. NBC News’ Julie Tsirkin reports on how Democrats and Republicans ...
10 hours ago - NBC News Politics - Politics -
Sunday shows preview: Bank failures reignite regulation debate; potential Trump indictment looms in Manhattan DA probe
Following the prominent failures of Silicon Valley Bank and Signature Bank and the industry bailout of First Republic Bank, the renewed debate on banking regulation is likely to dominate the Sunday morning talks shows this weekend. Silicon Valley ...
Mar. 18, 2023 - Just In News | The Hill - Politics - Donald Trump -
'I am personally sticking with SVB': Prominent tech figures pledge support for bank
After a rollercoaster week for Silicon Valley Bank's customers, some prominent voices in the tech world are now publicly saying they will keep their money with the embattled lender -- and they're urging others to do the same.
Mar. 17, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed's Barr testifies
The run on Silicon Valley Bank's deposits this month went far deeper than was initially known.
Mar. 28, 2023 - US Top News and Analysis - Business -
Economic Report: Small U.S. banks lose 1.9% of deposits after SVB failure — and more money could flee
Deposits at U.S. small banks fell 1.9% in the latest week, the Federal Reserve reported Friday, amid the fallout from the failure of Silicon Valley Bank.
Mar. 25, 2023 - MarketWatch.com - Top Stories - Business -
How safe is your money after recent bank collapses?, four-day workweek push: 5 Things podcast
Should I take my money out of the bank? More people are asking after SVB failed. Plus, Manhattan prosecutors meet with Stormy Daniels: 5 Things podcast
Mar. 16, 2023 - GANNETT Syndication Service - Top stories -
Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector
Lawmakers responsible for federal oversight say upcoming hearings on the failures of Silicon Valley Bank and Signature Bank will bolster confidence in banks.
Mar. 24, 2023 - US Top News and Analysis - Business -
Fitch says banks in Asia are resilient to risks seen in U.S. bank failures
Asia-Pacific banks are "resilient to risks" highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday.
Mar. 17, 2023 - US Top News and Analysis - Business -
Project Syndicate: U.S. companies will rely less on China and move manufacturing closer to home as globalization splinters, El-Erian says.
As companies opt for resilience over efficiency, they will increasingly shift their approach to supply chains from 'just in time' to 'just in case.'
Mar. 17, 2023 - MarketWatch.com - Top Stories - Business - China -
White House to Call for New Bank Rules After SVB, Signature Failures
The recommendations are expected to call for new rules from the Federal Reserve and other agencies, including for banks with $100 billion to $250 billion in assets.
2 hours ago - WSJ.com: World News - World -
Thanks to regulators, SVB will be the most costly bank failure in history
Other banks, and ultimately taxpayers, will pay for SVB’s insurance fund losses, losses that were a direct result of regulatory neglect.
8 hours ago - Just In News | The Hill - Politics -
US label maker breaks drought in junk bond issuance since SVB failure
High-yield market had ground to a halt following collapse of Silicon Valley Bank
23 hours ago - UK homepage - Business -
US label maker breaks drought in junk bond issuance since SVB failure
High-yield market had ground to a halt following collapse of Silicon Valley Bank
23 hours ago - World - World -
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
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.
Mar. 28, 2023 - NYT > Top Stories - Top stories -
Senate holds its first hearing into SVB and Signature Bank failures
The Senate Banking Committee is slated to hold its first hearing Tuesday into the collapse of Silicon Valley Bank and Signature Bank and resulting financial turbulence.
Mar. 28, 2023 - NBC News Top Stories - Top stories -
Senate holds its first hearing into SVB and Signature Bank failures
The Senate Banking Committee is slated to hold its first hearing Tuesday into the collapse of Silicon Valley Bank and Signature Bank and resulting financial turbulence.
Mar. 28, 2023 - NBC News Politics - Politics -
Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
Sens. Booker and Warnock say overdraft and nonsufficient fund fees are causing hardship for Americans who relied on SVB and Signature Bank for payments.
Mar. 22, 2023 - US Top News and Analysis - Business -
The Fed is playing with fire: SVB proves it
Federal Reserve Chairman Jerome Powell and the Fed board he dominates would like to raise interest rates further, but the failure of the Silicon Valley Bank (SVC) gives them pause. They know that higher rates would add to the damage they have done ...
Mar. 19, 2023 - Just In News | The Hill - Politics - Federal Reserve -
Outside the Box: SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs
SVB's conduct should have sent alarm bells ringing, but the San Francisco Federal Reserve Bank appears not to have heard them, writes Aaron Klein.
Mar. 18, 2023 - MarketWatch.com - Top Stories - Business -
US lawmakers urge probe of Goldman’s role in SVB failure
California Democrats say authorities should analyse whether Wall St bank operated ‘at arm’s length’ in advising lender
Mar. 17, 2023 - UK homepage - Business