Fed, FDIC officials to testify on recent bank failures before House committee March 29
The top regulatory officials for the Federal Reserve and Federal Deposit Insurance Corporation will testify before a House panel on March 29 to discuss the recent failures of Silicon Valley Bank and Signature Bank .
[1/2]Silicon Valley Bank (SVB) logo is seen through broken glass in this picture illustration taken March 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo12
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House sets first hearing into SVB and Signature Bank failuresTop federal banking regulators will testify before a House panel this month in the first of several highly anticipated hearings on the Silicon Valley Bank and Signature Bank collapses. Prediction: Democrats will act as their lawyers.
House committee calls Fed, FDIC officials to testify in its first hearing on bank failuresThe House Financial Services Committee will hold the first in a series of hearings on the failures of SVB and Signature Bank at the end of March. Maxine Waters to the rescue! Make it quick and then take care of the cannabis bills.
Blockchain Association seeks documents on crypto ‘de-banking’ from FDIC, FedCEO Kristin Smith said the FOIA requests are ‘intended to uncover the truth behind the potential de-banking of crypto firms in the U.S.’ I approve this message
Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firmsIn the week following the closure of Signature Bank, the Blockchain Association is seeking information for ‘troubling allegations’ involving crypto firms and banks. Sure did, but it was a role they played in the Cryptopacolypse Monopoly game! CryptoFunny
US: Philadelphia Fed Manufacturing Index improves marginally to -23.2 in March vs. -14.5 expectedUS: Philadelphia Fed Manufacturing Index improves marginally to -23.2 in March vs. -14.5 expected – by MSalordFX UnitedStates Manufacturing EconomicIndicator
Philadelphia Fed’s manufacturing gauge remains deep in contraction territory in MarchThe Philadelphia Fed’s manufacturing index stayed in deep contraction territory, inching up to a reading of negative 23.2 in March. Duh.
