Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures
President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed…
JPMorgan CEO Jamie Dimon ‘knew in 2008’ that Epstein was a sex trafficker, lawyer argues
An attorney for the U.S. Virgin Islands argued in federal court that JPMorgan Chase CEO Jamie Dimon and ex-top bank…
Silicon Valley Bank ex-CEO backed Big Tech lobbying groups that targeted Dodd-Frank, sought corporate tax cuts
Before Silicon Valley Bank’s failure, its former CEO Greg Becker backed two tech industry lobbying groups that tried to influence…
European Central Bank hikes rates despite market mayhem, pledges support if needed
The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to…
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature…
‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks
WASHINGTON — President Joe Biden sought to assure customers of Silicon Valley Bank and Signature Bank on Monday that their…
GOP presidential contenders cast blame for Silicon Valley Bank collapse
Former President Donald Trump and other 2024 Republican presidential hopefuls spoke out over the weekend on the failure of Silicon…
Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses
WASHINGTON — A group of Democratic senators introduced new legislation Tuesday to repeal Trump-era bank deregulations they say created the…
Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws
WASHINGTON — Top Democratic lawmakers pressed the Justice Department and the Securities and Exchange Commission to open a probe into…
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting…
