Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.
Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’ The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.
Banks Are Borrowing More From the Fed: What to Know As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
Powell and Yellen Suggest Need to Review Regulations After Bank Failures Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.