Page 3 - Gregory Becker News Today

President Joe Biden's point man on financial oversight, Michael Barr, said Monday that bank stresses from earlier this year warranted a need for stronger capital controls.

House Oversight Committee Chairman James Comer (R-Ky.) pressed Federal Reserve Chairman Jerome Powell for information as his panel probes the collapse of Silicon Valley Bank (SVB), alleging the agency has been insufficiently responsive to previous requests. In a Monday letter to Powell, Comer and Rep. Lisa McClain (R-Mich.), chair of the subcommittee on Health Care…

President Joe Biden's point man on financial oversight, Michael Barr, said Monday that bank stresses from earlier this year warranted a need for stronger capital controls.

Stresses in the U.S. banking system early this year were cause for concern, but poor management from a few banks does not dictate monetary policy, Federal Reserve Gov. Christopher Waller said Friday.

Christine Merritt scored 1st Place in the July/August 2023 American Songwriter Lyric Contest for her song “Painting Pickets.” 

Congratulations to all our July/August 2023 Lyric Contest winners. Read the winning lyrics for first through fourth place.

In response to feedback from the American Songwriter Community, the esteemed contest judges were asked to share some insights.

A bipartisan group of senators introduced legislation to revive efforts to claw back big bank executives' compensation in the event of a failure.

The latest clash between Florida’s governor and Disney. The looming X-date. And the boom this year in corporate bankruptcies.

Vice Chair Barr and Chair Gruenberg’s testimony and appearances generally stuck close to the scripts of their respective post-mortem reports on the SVB and Signature failures.