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Bank Regulators

All articles tagged with #bank regulators

finance2 years ago

Senate to Hear Testimonies from Former Execs of Failed Banks and Regulators.

Former top executives of failed banks SVB and Signature Bank will testify before the Senate Banking Committee on May 16. The hearing will mark the first time any of the men has spoken in public about the bank failures that rocked U.S. financial markets. The former bank executives can expect a grilling from senators on both sides of the aisle. In a separate hearing on May 18, the committee will hear from top federal bank regulators, including Michael Barr, Martin Gruenberg, Michael Hsu, and Todd Harper.

via CNBC|
#bank-failures#bank-regulators#finance
business2 years ago

Wall Street Optimistic as Banking Crisis Fears Ease and Stocks Climb

Stocks rebounded on Wednesday, with tech names leading the way. Bank regulators faced tough questions from lawmakers over the Silicon Valley Bank meltdown. Apple announced its Worldwide Developers Conference, where it may unveil an augmented reality headset and new Macs. A Wall Street Journal reporter was detained in Russia on suspicion of espionage. The new Major League Baseball season begins with the Atlanta Braves and Washington Nationals playing first.

via CNBC|
#apple#bank-regulators#baseball
finance2 years ago

US Lawmakers Grill Bank Regulators Over SVB Collapse and Possible Tougher Rules.

Lawmakers in the House Financial Services Committee grilled top U.S. bank regulators over their competency and questioned whether examiners were asleep at the wheel during a second day of congressional hearings this week about the collapse of Silicon Valley Bank and Signature Bank. The regulators were criticized for their lack of transparency and for not taking action when they had clear knowledge of insufficient risk management. The question of what records would be given to Congress came up repeatedly in the contentious hearing. Senators also introduced bipartisan legislation that would require federal regulators to claw back all or part of compensation earned by bank executives in the five-year period preceding a banking failure.

via CNBC|
#bank-failures#bank-regulators#congressional-hearings