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Banking And Finance

House Financial Services Chairman Patrick T. McHenry, R-N.C., said the White House was faulting regulations for the collapse of two banks this month, but that the problem was regulators who didn't supervise the banks.

White House urges regulators to toughen rules after bank failures

By Caitlin Reilly
Posted March 30, 2023 at 4:21pm
President Joe Biden urged Congress to give the FDIC clawback authority in the wake of the Silicon Valley Bank and Signature Bank collapses this month.

Bipartisan group of senators offer clawback bill for bank failures

By Caitlin Reilly
Posted March 29, 2023 at 3:32pm, Updated at 4:21pm
Michael Barr, the Fed’s vice chair for supervision, told the Senate Banking Committee on Tuesday that SVB managers were warned of the risks they faced.

Fed’s Barr: SVB ignored ‘bread and butter’ banking issues

By Caitlin Reilly
Posted March 28, 2023 at 2:40pm
Sen. Kevin Cramer, R-N. D., said he would be open to legislation applying to SVB, but is wary of a broad, permanent clawback option for the FDIC.

Lawmakers open to Biden’s call to claw back SVB executive pay

By Caitlin Reilly
Posted March 27, 2023 at 7:00am
Rep. Brad Sherman offers ideas on shoring up the U.S. financial system after the collapse of SVB and other banks.

Restoring confidence in the American banking system

By Rep. Brad Sherman
Posted March 21, 2023 at 3:44pm
Senate Banking Chair Sherrod Brown, D-Ohio, raised the "magnitude of the uninsured deposits" at Silicon Valley Bank and Signature Bank after federal regulators said they would guarantee the deposits.

Lawmakers float ways to recapture deposit insurance discipline

By Caitlin Reilly
Posted March 20, 2023 at 5:33pm
President Joe Biden is asking Congress to give the FDIC more authority to punish executives whose banks fail. The White said executives responsible for the failure of one bank shouldn't be allowed to lead another.

Biden seeks FDIC authority to claw back bankers’ compensation

By CQ Roll Call Staff
Posted March 17, 2023 at 12:45pm
Sen. Chris Coons, D-Del., who voted to ease regulations in 2018, said it isn't clear what additional regulatory requirements might have changed the outcome at SVB.

Lawmakers from both parties skeptical of legislation over SVB

By Caitlin Reilly
Posted March 15, 2023 at 3:21pm, Updated at 3:51pm
Rep. Brad Sherman, D-Calif., said any stress test “worthy of the name stress test” would have caught SVB's condition before its failure.

Post-mortems begin on Silicon Valley Bank failure

By Caitlin Reilly
Posted March 13, 2023 at 5:47pm, Updated at 6:17pm
President Joe Biden addresses the media on Feb. 16.

Biden raps 2018 bank changes, asks lawmakers to toughen rules

By Caitlin Reilly
Posted March 13, 2023 at 11:10am, Updated March 14, 2023 at 9:59am