Time to pay the FDIC piper
The rescue of Silicon Valley Bank and Signature Bank customers ripped an estimated $23 billion hole in the agency’s deposit insurance fund.
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The rescue of Silicon Valley Bank and Signature Bank customers ripped an estimated $23 billion hole in the agency’s deposit insurance fund.
The stablecoin bill, which is a work in progress, has been seen as the lowest-hanging fruit.
A new poll from Gallup this morning found that just 35 percent of all Americans have confidence in Biden’s handling of the economy, down five percentage points from last year.
Commodity Futures Trading Commission Chair Rostin Behnam is eyeing a plan to address a problem centuries in the making: climate change.
Yes, regional bank stocks are swooning. But don’t expect bank regulators to act unless they start to see deposits start to crumble.
Investors are “really under-appreciating the level of risk here,” Rep. Brendan Boyle, the top Democrat on the House Budget Committee, told your host.
For months, progressives griped at each turn of the screw as Federal Reserve Chair Jerome Powell tightened monetary policy.
The events of the last two months will prompt a “ratcheting up of regulation” on regional lenders that will ultimately constrain capital, said PGIM CEO David Hunt.
The FDIC early Monday morning announced JPMorgan Chase has purchased First Republic.
First-quarter GDP data released Thursday showed that the U.S. economy was in the process of downshifting.