Silicon Valley Bank

Sen. Sherrod Brown, wearing a gray suit with a light blue shirt and a dark blue tie, speaks into a microphone mounted on a desk.

Democrats call for raising FDIC insurance limits at Senate hearing

BY: - July 24, 2023

WASHINGTON DC — Members of the Senate banking committee explored the pros and cons of reforming deposit insurance on Thursday, which has been a topic of debate among policymakers since the aftermath of bank collapses earlier this year. The Federal Deposit Insurance Corporation (FDIC) insures each depositor for up to $250,000 — a fact that […]

A man in a doorway under a sign saying Silicon Valley Bank peeks out to speak to a crowd of people waiting.

Fed’s fault-finding on bank failures could lead to stronger regulations

BY: - May 8, 2023

New banking regulations proposed by federal watchdogs don’t go far enough in countering potential problems, but could help lower bank fees and calm financial markets and nerves, leading to a more stable financial system, according to some economists. The Federal Reserve, FDIC and Government Accountability Office have released reports blaming mismanagement of risk, including overreliance […]

A security guard stands outside the doors of a large brown building, with the seal of the governors of the U.S. Federal Resreve carved in stone above him.

White House calls on financial regulators to bring back safeguards for regional banks

BY: - March 30, 2023

WASHINGTON —  The Biden administration, placing blame on Trump-era rollbacks, Thursday called on federal banking regulators to reinstate safeguards for regional banks after the record-setting collapse of Silicon Valley Bank and Signature Bank of New York earlier this month. The White House wants the agencies to revive regular stress testing at banks in the $100- […]

A man in a doorway under a sign saying Silicon Valley Bank peeks out to speak to a crowd of people waiting.

Members of U.S. Senate panel press financial regulators on massive bank failures

BY: - March 28, 2023

WASHINGTON — Financial regulators promised a full review of Silicon Valley Bank’s massive failure as members of a key U.S. Senate panel on Tuesday interrogated the officials about what led to the second-largest bank collapse in U.S. history. Members of the Senate Committee on Banking, Housing and Urban Affairs asked if the Federal Reserve could […]

A security guard stands outside the doors of a large brown building, with the seal of the governors of the U.S. Federal Resreve carved in stone above him.

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

BY: - March 14, 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 […]

A man in a doorway under a sign saying Silicon Valley Bank peeks out to speak to a crowd of people waiting.

Biden says U.S. bank deposits are safe despite tumult over California bank collapse

BY: - March 13, 2023

WASHINGTON — President Joe Biden reassured Americans early Monday that their money is safe in U.S. banks, after a tumultuous weekend following the collapse of Silicon Valley Bank and a move by regulators to shut down a second lender. Americans “should feel confident that their deposits will be there, if and when they need them,” […]