The startling collapse of two major banks — Silicon Valley Bank and Signature Bank — was caused by a 'classic bank run,' former Trump advisor Gary Cohn said.
about a 2018 law that relaxed regulations on small banks. The law was designed to reduce the regulatory burden on smaller banks and financial institutions, while still maintaining important safeguards to protect consumers and maintain the stability of the financial system.
Cohn, who was former President Trump's economic adviser when the Economic Growth, Regulatory Relief, and Consumer Protection Act was passed, said that nothing in the 2018 measure would have impacted the collapse of Silicon Valley Bank.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
Weiterlesen »
Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government?
Weiterlesen »
Bank of London bids to acquire Silicon Valley Bank's UK armThe Bank of London is leading a consortium of private equity firms seeking to purchase SVB's arm in the United Kingdom.
Weiterlesen »
Silicon Valley Bank collapse: FDIC holding auction for bank, final bids due SundayThe Federal Deposit Insurance Corporation started an auction on late Saturday for Silicon Valley Bank, with all bids due by Sunday afternoon, according to people familiar with the situation.
Weiterlesen »
Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, SilvergateState authorities closed Signature Bank Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008...
Weiterlesen »
Signature Bank is closed by regulators, the third US bank failure in a weekWe’re suddenly running a little low on crypto-friendly US banks
Weiterlesen »