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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 multi-billion-dollar industry lacks robust regulations, making it prone to dramatic market fluctuation...
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.