Washington Financial News

27.03 / 05:49

UPS Twitter FIVE Digital UBS 'The first bank crisis of the Twitter generation': The pressure on banks is very different to 2008

LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of another financial crash, 2008-style. But a banking crisis today would look very different to 15 years ago thanks to social media, online banking, and huge shifts in regulation.

24.03 / 21:55

Waters CEO Landmark Strategy Remark SVB AIM boost lawmakers Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector

WASHINGTON — A bipartisan group of lawmakers overseeing the recent turmoil in the banking sector said Wednesday that they aim to increase Americans' confidence in the banking industry after Silicon Valley Bank and Signature Bank collapsed over the last two weeks.

23.03 / 11:21

Yellen Says Treasury Isn’t Considering Guaranteeing All Bank Deposits

WASHINGTON—Treasury Secretary Janet Yellen said she wasn’t considering ways to guarantee all bank deposits, as some lawmakers and banks explore overhauling deposit insurance.

23.03 / 09:19

defi CFTC regulation committee CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed

The United States commodities regulator has gotten a crash course on decentralized finance (DeFi) today, with crypto executives briefing the regulator on key issues affecting the space, including exploits, decentralization and digital identities.

22.03 / 22:15

lawmakers Some Lawmakers Explore Expanding Bank Deposit Insurance

WASHINGTON—Some lawmakers and banks are discussing whether to expand deposit insurance after two banks collapsed this month, exploring an overhaul that some influential Republicans and Biden administration officials haven’t endorsed.

22.03 / 14:47

UPS Remark SVB Yellen Says U.S. Could Move to Protect Deposits at Other Banks

Treasury Secretary Janet Yellen said Tuesday that the federal government could step in to protect depositors at additional banks if regulators see a risk of a run on the banking system.

22.03 / 14:47

Manufacturing Chip Makers Find Out How to Get 25% Investment Tax Credit

WASHINGTON—The Biden administration moved to implement a new 25% investment tax credit for U.S.-based semiconductor manufacturing and proposed restrictions that would make it difficult for companies to expand China operations if they receive certain federal funds.

21.03 / 19:53

Manufacturing Chip Makers Find Out How to Get 25% Investment Tax Credit

21.03 / 17:45

UPS Remark SVB Yellen to Say U.S. Could Move to Protect Deposits at Other Banks

Treasury Secretary Janet Yellen is expected to tell a banking conference on Tuesday that the federal government could step in to protect depositors at additional banks if regulators see a risk of a run on the banking system.

21.03 / 17:21

SEC CEO Action Bitcoin South Korean Regulator ‘Not Meeting SEC to Talk About Crypto’s Securities Status’

A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.

21.03 / 16:45

business banking Silvergate Bankruptcy U.S. Yellen defends government intervention to avoid another SVB

Nearly two weeks after the collapse of three United States banks - Silicon Valley Bank (SVB), Silvergate and Signature- Treasury Secretary Janet Yellen said the federal government is ready to take action if needed.

21.03 / 16:07

Manufacturing Chip Makers to Find Out How to Get 25% Investment Tax Credit

WASHINGTON—The Treasury Department is implementing a new 25% investment tax credit for semiconductor manufacturing and will propose regulations Tuesday that are designed to spur the industry’s domestic growth.

21.03 / 14:33

UPS Remark SVB U.S. Could Move to Protect Deposits at Other Banks

21.03 / 13:55

SVB SVB Collapse Shows Smaller Banks Can Pose Risk in Numbers

WASHINGTON—For 15 years, regulators and legislators have assumed the biggest risks to the financial system came from a handful of “too big to fail” banks.

20.03 / 20:25

SVB SVB Collapse Shows Smaller Banks Can Pose Risk in Numbers

WASHINGTON—For 15 years, regulators and legislators have assumed the biggest risks to the financial system came from a handful of “too big to fail” banks.

20.03 / 15:45

SVB Fed Raised Concerns About SVB’s Risk Management in 2019

WASHINGTON—The Federal Reserve raised concerns about risk management at Silicon Valley Bank starting at least four years before its failure earlier this month, documents show.

20.03 / 12:01

COST JPMorgan Chase UBS Takeover Will UBS live to regret its Credit Suisse takeover?

Almost exactly 15 years ago, Jamie Dimon got a call from Washington asking JPMorgan Chase to take over the struggling Bear Stearns.

19.03 / 14:31

business Government regulation us government FTX Court SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse

Before crypto exchange FTX and its founder Sam Bankman-Fried (SBF) got tied down around allegations of misappropriation of users’ funds, SBF was among the most influential crypto entrepreneurs. Long before FTX collapsed, an allegedly leaked email exchange with a top regulator shows SBF’s intent to get the exchange federally regulated.

18.03 / 16:47

UPS Biden Asks Congress for More Authority to Punish Bank Executives

WASHINGTON—President Biden called on Congress to toughen penalties on bank executives deemed responsible for the collapse of financial institutions, as the administration seeks to shore up confidence in the banking system following the failure of two midsize lenders and the bank-led rescue of a third.

17.03 / 19:17

UPS Biden Asks Congress for More Authority to Punish Bank Executives

WASHINGTON—President Biden called on Congress to pass legislation to impose tougher penalties on bank executives who are deemed responsible for the collapse of financial institutions.

17.03 / 19:07

Silicon Valley Bank parent files for bankruptcy

The parent company of Silicon Valley Bank filed for bankruptcy, easing a sale of its remaining assets after the technology-focused bank at the core of its business was seized by federal regulators.

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