Page 14 - Banking Regulators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tough requirements on banks like silicon valley oigbank and signature bank. unfortunately, the last administration rolled back some of the requirements. >> reporter: biden pointing to a 018 law that eased some of the strictest post financial crisis restrictions on learneds like silicon valley obank. >> i'll ask to make it less likely that this could happen again. >> reporter: and framing a new crisis moment. >> treasury secretary yellen and the team of banking regulators have taken action. >> reporter: just hours after the administration's top finance officials triggered a dramatic show of dua...

The bank's failure risking a cascade of events that threaten financial stability with a second bank family you're sunday and several more institutions on the brink officials said. >> when we learned of the problems and a impact they could have on jobs, small businesses and banking systems overall, i instructed my team to act quickly to protect these interests. >> reporter: 93% of silicon valley bank's set above the $250,000 insurance limit. >> i've been working all weekend with our banking regulators to design appropriate policies to address the situation. >> reporter: leaving thousands of sma...

To pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend. so let me say that i've been working all weekend with our banking regulators to design appropriate policies to address this situation. i can't really provide further details at this time, but what i do want to do is emphasise that the american banking system is really safe and well capitalised. it's resilient. that was janet yellen speaking earlier. with me is our business reporterjoao da silva.

Like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern from the standpoint of depositors, many of which may be small businesses. they rely on access to their funds to be able to pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and other concerned people this weekend. so let me say that i've been working all weekend with our banking regulators to design appropriate policies to address this situation. i can't really provide further details at this time,

Shares in banks fell sharply around the world on friday, when svb was shut down by regulators, following the biggest banking collapse for fifteen years. here's what us treasury secretary janet yellen had to say. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits, fails, it's clearly a concern from the standpoint of depositors, many of which may be small businesses. they rely on access to their funds to be able to pay the bills that they have, and they employ tens of thousands of people across the country. we've been hearing from those depositors and o...