'Single biggest threat': Warren, Tester warn against bank consolidation
New regulations to police the industry could backfire by undermining smaller lenders, Sen. Jon Tester of Montana cautioned.
Source: politico.com
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Daily Financial Regulation Update -- Wednesday, May 17, 2023 | Paul Hastings LLP
May 16, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Examining the Failures of Silicon Valley Bank and Signature Bank."
Source: jdsupra.com
Bank merger rethink
But it may become harder to reject more banking consolidation as the industry continues to reel from interest rate hikes and deposit runs.
Source: politico.com
Bank executives face grilling as US lawmakers pry into failures
Executives from two large US banks that failed dramatically in March appeared in front of the Senate Banking Committee.
Source: bostonglobe.com
The OCC needs a Senate-confirmed leader immediately
Nominating and confirming acting Comptroller Michael Hsu would solve a serious problem in a good way.
Source: americanbanker.com