Progressives and the banking industry are blaming the Fed for Silicon Valley Bank's epic collapse.
The Federal Reserve doesn't just set monetary policy. It's also the primary regulator for many banks — including the failed
So why didn't the bank’s regional supervisors or bank examiners at the San Francisco Fed catch these risk management issues before they ballooned into crisis?One of the Federal Reserve's main jobs is overseeing banks — and they failed here, says Aaron Klein, aHis comments aren't dissimilar to those of the Bank Policy Institute,
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SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
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SVB collapse: Progressives blame 2018 rollback of Dodd-Frank for bank failuresProgressive lawmakers are blaming the collapse of two U.S. banks over the weekend on a 2018 bill that rolled back regulations put in place after the 2008 financial crisis.
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SVB collapse: Progressives unveil bill to undo Trump-era rollback of Dodd-FrankA group of progressive Democrats led by Sen. Elizabeth Warren (D-MA) and Rep. Katie Porter (D-CA) unveiled a bill on Tuesday to revive Dodd-Frank regulations that were rolled back during the Trump administration.
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USD/MXN rallies sharply above $18.80 on SVB crisis, Fed rates repricingThe Mexican Peso (MXN) depreciates the most against the US Dollar (USD) on fears of a possible contagion after the failure of the Silicon Valley Bank
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SVB implosion: Goldman Sachs doesn't expect Fed rate hike in MarchGoldman Sachs says it doesn't expect a Fed interest rate hike in March after Silicon Valley Bank's implosion
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SVB: Fed will be forced to surrender on rate hikes, says El-ErianThe Fed will be forced to surrender on rate hikes after SVB's failure, says top economist Mohamed El-Erian
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