Page 18 - Banking Regulators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Was not being considered. 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 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 ...

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, but what i do want to do is emphasise that the american banking system is really safe and well capitalised. it�*s resilient. so — no government bail—out for silicon valley bank — but — in the last few ho...

Xfinity rewards creates experiences big and small, >> what i'm holding right now and once-in-a-lifetime. is the notice from the fdic right now. in essence saying what you just did. that california banking regulators have moved to now shut down silicon valley bank. >> it is the largest bank meltdown since the global financial crisis over a decade ago. following the shutdown of silicon valley bank, the federal regulators have taken control of its deposits. the fdic says ensured depositors will be access to money by monday morning, but standard insurance only protects $250,000 per person. you kno...

So what happened is, the payday lenders put out a new rule saying you've got to do a little better on disclosure. payday lenders have said i don't like the way cfpb is financed. they don't go to congress to get financed. they do this through fees. here's the thing. they do it through fees, exactly the same way the federal reserve bank does, exactly the same way that the office of the controller of the currency does, the same way the fdic does, the same way the overseer of the credit unions does. so in other words, all of our banking regulators have all been financed outside the appropriations ...

It is a reminder, you guys, i think the fallout here is that it is still the wild west in crypto, right. it is buyer beware. you don't have the alphabet soup of banking regulators that could go in there andin s inspect. it is not a bank or a security's dealer, necessarily. there are laws, the securities and exchange commission using production laws to civilly charge this company. but it is a reminder here that congress might have to come in here and start to talk about how you're going to regulate this part of the world. because real investors got hurt and may not be made hold here. >> there i...