Janet Yellen

The exterior of First Republic Bank

Regulators end week like they started — tamping down fears, rescuing a bank

BY: - March 17, 2023

Financial regulators, policymakers, and bank executives spent the week trying to abate fears that a banking crisis will spread across the U.S. financial system.  On Friday, President Joe Biden released a statement calling on Congress to take action to make it easier for regulators to hold senior bank executives accountable for their mismanagement.  “It should […]

A security officer stands outside the Federal Reserve building in Washington, D.C.

Silicon Valley Bank’s collapse differs from our last financial crisis

BY: - March 13, 2023

After the largest U.S. bank failure in more than a decade, regional bank stocks plunged on Monday as the federal government — with the 2007-2008 financial crisis still a fresh memory for many — rushed to reassure Americans that the U.S. banking system was stable. President Joe Biden told Americans that the risks taken on by failed […]