Source: federalreserve.gov
The U.S. House Financial Services Committee is set to begin investigating two high-profile banking failures. Rep. Patrick McHenry, who chairs the committee, and Rep. Maxine...
House Financial Services Committee Chairman Patrick McHenry is among those welcoming banks’ support of First Republic Bank. The congressman said in a Thursday (March 16)...
Treasury Secretary Janet Yellen isn’t playing favorites, just protecting the U.S. banking system. She told lawmakers Thursday (March 16) that “Americans can feel confident that...
The Federal Reserve has a launch date for its long-awaited payments service FedNow. The U.S. central bank announced Wednesday (March 15) that the service will...
Signature Bank was reportedly the target of a criminal investigation prior to its downfall. Federal authorities were examining the bank’s relationships with its crypto clients,...
A top House Republican says Americans should be confident in the country’s financial system in spite of recent banking failures. “The Fed is doing what...
Customers of Silicon Valley Bank started accessing their funds Monday from a new “bridge bank.” They encountered on-again, off-again connections with the bank’s portal but...
The stablecoin USDC may have regained its dollar peg, but traders may not be in the clear. USDC traders could risk multi-million dollar liquidations if...
Federal regulators have transferred all deposits from the failed Silicon Valley Bank to a new “bridge bank.” The Federal Deposit Insurance Corporation (FDIC) said in...