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Xinhua Headlines: Falling of regional banks, detrimental to U.S. and global economy-Xinhua - Vimarsana News

Xinhua Headlines: Falling of regional banks, detrimental to U.S. and global economy-Xinhua

Xinhua Headlines: Falling of regional banks, detrimental to U.S. and global economy-

California Bank Regulator Admits Fault in Silicon Valley Bank Failure - Vimarsana News

California Bank Regulator Admits Fault in Silicon Valley Bank Failure

California's bank regulator stated in a new report that it was too slow to address the growing risks and issues at Silicon Valley Bank.

Regulators Failed to Do Their Jobs in Preventing Banking Turmoil: Senate Committee - Vimarsana News

Regulators Failed to Do Their Jobs in Preventing Banking Turmoil: Senate Committee

Federal regulators who fell asleep at the wheel and failed to do their job of preventing distress in the banking system need to be held accountable.

U.S. Fed raises rates but signals possible pause to assess bank failures - National - Vimarsana News

U.S. Fed raises rates but signals possible pause to assess bank failures - National

As widely expected, the U.S. Federal Reserved raised its benchmark interest rate by 25 basis points on Wednesday.

Fate of First Republic Bank hangs in the balance as report on SVB collapse exposes "regulatory" framework - Vimarsana News

Fate of First Republic Bank hangs in the balance as report on SVB collapse exposes "regulatory" framework

The ongoing financial crisis raises the question of how many more mines are lodged within the system waiting to explode because the report on the collapse of SVB released last week by Fed vice chair Michael Barr makes clear its demise proceeded in plain sight.

Source: wsws.org