Federal Deposit Insurance Corporation Chairman of the Board of Directors Martin Gruenberg; Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr; and Under Secretary of the Treasury for Domestic Finance Nellie Liang testify at the U.S. House Financial Services Committee’s hearing on The Federal Regulators’ Response to Recent Bank Failures at 10:00 a.m. ET on…
Top Federal Banking Officials Testify to House on SVB and Signature Bank Failures
March 29, 2023
admin
congressEpochTVEpochTV LiveExecutive BranchfailuresFederal regulatorsLive VideosPoliticsSignature BankSVBUSUS NewsVideo
0 Comment
Significant Number of Banks Will Fail Within 2 Years, Predicts CEO of Hedge Fund Giant
March 23, 2023
admin
banksBusiness & MarketsCEOCompanieseconomic policieseconomySignature BankSilicon Valley BankUSUS News
0 Comment
The CEO of one of the largest publicly traded hedge funds has warned that the turmoil sparked by the collapse of Silicon Valley Bank (SVB) is not over and a “significant number” of banks could fail in the next two years. Man Group CEO Luke Ellis made the comments during a Bloomberg conference in London on March 22…
Senate Committee on Banking to Hold Hearings on SVB Collapse: ‘Hold Those Responsible Accountable’
March 22, 2023
admin
bank failuresBusiness & Marketscongresseconomic policieseconomyExecutive BranchInvestmentMarketsPolicies & ImpactsPoliticsSenate Banking CommitteeSignature BankSilicon Valley BankUSUS News
0 Comment
The Senate Committee on Banking, Housing and Urban Affairs said it would hold hearings next week on the collapse of Silicon Valley Bank (SVB) and Signature Bank earlier this month. Senate Banking Committee chairman Sherrod Brown (D-Ohio) announced on March 21 the first of several hearings on the latest banking crisis and promised to hold those responsible…
Too Wrong to Fail
March 20, 2023
admin
Business & MarketsBusiness ColumnistsCompaniescryptocurrencyeconomyFTCInvestmentMarketsOpinionSignature BankSilicon Valley BankUSViewpoints
0 Comment
Commentary As the old saw goes, a banker is someone who lends you his umbrella when the sun is shining and then wants it back as soon as the first drops of rain fall. Hostility toward money lenders goes way back. In the Middle Ages in Europe, to deposit your money with one was unlawful,…
New York Community Bank Subsidiary to Buy Failed Signature Bank in $2.7 Billion Deal
March 20, 2023
admin
Business & MarketsCompanieseconomyFDICMarketsNew York Community BankSignature BankSilicon Valley BankUSUS News
0 Comment
A subsidiary of New York Community Bank will purchase a significant portion of failed Signature Bank under a $2.7 billion deal with U.S. regulators, the Federal Deposit Insurance Corporation (FDIC) announced on March 19. The FDIC, an independent agency created by Congress to maintain a stable financial system, said that Sunday’s deal will see the 40 former branches of New…
Banking Issues Hiding Bigger Problem: Tavi Costa
March 16, 2023
admin
Business & MarketsCredit SuisseeconomyEpochTVFirst RepublicInvestmentMarketsNTD BusinessSignature BankSilicon Valley BankstocksUSVideo
0 Comment
First Republic Bank will receive $30 billion from some of the top U.S. banks in a bid to stabilize the troubled firm. It’s the third bank to be rescued in less than a week. First Republic, like Silicon Valley Bank and Signature Bank, reportedly had a large number of uninsured deposits, triggering fears that customers…
Silicon Valley Bank Collapse Could Impact Housing Market in Two Ways: Zillow
March 16, 2023
admin
Business & MarketsCompanieseconomyFederal ReserveMarketsmortgage ratesreal estateSignature BankSilicon Valley BankUSUS NewsUS Real Estate
0 Comment
The recent collapse of Silicon Valley Bank (SVB) could impact the housing market in two separate ways, according to real-estate marketplace company Zillow. In an article published on March 14, Zillow chief economist Skylar Olsen noted that mortgage rates could fall if the Federal Reserve pulls back from its aggressive interest-rate hikes—which market experts have said looked likely to…
Could Latest Bank Failures Threaten the Financial System?
As the fallout from the Silicon Valley Bank (SVB) crisis continues, many economists and market analysts are assessing the situation to determine the exact cause and what could happen in the coming months. With a potential contagion event in the broader banking sector, public policymakers and regulators are attempting to prevent a full-blown financial collapse…
Biden Admin’s Banking Busts
March 15, 2023
admin
banking crisisbidenclimate changeESGFederal Reserveinflationinterest ratesJanet Yellenjerome powellOpinionSignature BankSilicon Valley BankSilicon Valley Bank CollapseSVBU.S. economyViewpointsWashington Mutualwoke
0 Comment
Commentary The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden administration’s Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon…
‘It Is a Bailout’: Former FDIC Chair Says of Special Treatment of Silicon Valley, Signature Bank
Former Federal Deposit Insurance Corporation (FDIC) chair Sheila Bair has said that Silicon Valley Bank (SVB) received a “bailout” out from the federal government following its collapse last week. Bair made the comments during an appearance on FOX Business Network’s “The Claman Countdown” on Mar. 13, shortly after the Federal Reserve, the Treasury Department, and the FDIC announced additional…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`