banking Archives - Flux https://flux.community/tag/banking/ A platform for change Fri, 05 May 2023 20:10:51 +0000 en-US hourly 1 Biden calls for restoring Obama-era regulations after multiple bank collapses https://flux.community/oliver-willis/2023/05/biden-calls-for-restoring-obama-era-regulations-after-multiple-bank-collapses/ Fri, 05 May 2023 20:10:51 +0000 https://flux.community/?p=13391 With an eye toward preventing banking industry troubles that would require taxpayer rescues and bailouts, the Biden administration is advocating for undoing rule changes that were enacted by the Trump administration and weakened industry regulations. “The President believes that the weakening of common-sense bank safeguards and supervision during the Trump Administration for large regional banks […]

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]]> Sanders seeks to ban bank execs from ‘regulating’ their own institutions https://flux.community/jessica-corbett/2023/03/sanders-seeks-to-ban-bank-execs-from-regulating-their-own-institutions/ Fri, 24 Mar 2023 04:12:39 +0000 https://flux.community/?p=13033 U.S. Sen. Bernie Sanders on Thursday introduced the Federal Reserve Independence Act to prevent bank executives from serving on regional Fed boards that are responsible for regulating their institutions. The bill—which would also bar the U.S. central bank’s board members and employees from owning any stock or investing in any company that is regulated by the Federal Reserve—comes as […]

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]]> The US banking crisis isn’t over yet https://flux.community/vidhura-s-tennekoon/2023/03/the-us-banking-crisis-isnt-over-yet/ Tue, 14 Mar 2023 16:42:20 +0000 https://flux.community/?p=12942 Silicon Valley Bank and Signature Bank failed with enormous speed – so quickly that they could be textbook cases of classic bank runs, in which too many depositors withdraw their funds from a bank at the same time. The failures at SVB and Signature were two of the three biggest in U.S. banking history, following the collapse of Washington Mutual […]

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]]> Giving a blank check to bank mergers has made the economy less fair and more vulnerable to shocks https://flux.community/jeremy-kress/2021/07/why-joe-biden-wants-stop-giving-blank-check-bank-mergers/ Wed, 28 Jul 2021 19:40:39 +0000 https://flux.community/2021/07/why-joe-biden-wants-stop-giving-blank-check-bank-mergers/ The post Giving a blank check to bank mergers has made the economy less fair and more vulnerable to shocks appeared first on Flux.

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