Page 4 - Bartlett Naylor News Today

The Federal Reserve took action against a small bank in southern Illinois whose exposures to interest rate changes left it with negative equity last year. The enforcement action comes as regulators review their oversight practices following Silicon Valley Bank's failure.

The Federal Reserve took action against a small bank in southern Illinois whose exposures to interest rate changes left it with negative equity last year. The enforcement action comes as regulators review their oversight practices following Silicon Valley Bank's failure.

<p><span>New York Attorney General Letitia James today announced </span><a title="https://ag.ny.gov/sites/default/files/2023-05/OAG-Crypto-Bill_0.pdf" target="_blank" rel="noopener" href="https://ag.ny.gov/sites/default/files/2023-05/OAG-Crypto-Bill_0.pdf">landmark legislation to tighten regulations on the cryptocurrency industry</a><span> to protect investors, consumers, and the broader economy. The mu...

ELECTEDS SEEK FINANCIAL REFORM AFTER BANK COLLAPSES: On April 26, Congresswoman Nydia M. Velázquez (D-NY) and Senator Chris Van Hollen (D-MD) urged the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Securities and Exchange Commission (SEC), Federal Housing Finance Agency (FHFA), and National Credit Union Administration (NCUA) to

Executive compensation legislation could be one of the few areas of bipartisan agreement in Congress in the wake of the Silicon Valley Bank and Signature Bank failures.

Lawmakers from both parties are open to executive compensation clawback legislation after the failure of SVB and Signature Bank.

WASHINGTON — President Joe Biden’s call for legislation that would allow regulators to claw back executive bonuses and stock sale proceeds in the lead up to the Silicon Valley Bank

A long-dormant executive compensation rule required by Dodd-Frank is a more promising means of achieving President Biden's call for consequences for the executives of failed banks than legislation, experts say.

Carrie L. Tolstedt, who ran the bank’s retail branches, faces up to 16 months in prison for obstructing a bank examination.

The bank's financial woes rattled Wall Street and left depositors scrambling to withdraw their money.