Lawmakers interrogated Shou Chew over the video app’s ties to the Chinese government in a hearing that suggests the company’s problems are far from over.
Tag: Yellen, Janet L
-
Investors Try to Parse Powell and Yellen’s Next Moves on Banks
Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.
-
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.
-
Push to Insure Big Deposits Percolates on Capitol Hill
The government only insures deposits of less than $250,000, but there is precedent for lifting that cap amid turmoil. It could happen again.
-
Yellen Says U.S. Ready to Protect Smaller Banks if Necessary
In prepared remarks, the Treasury secretary pledged that the Biden administration would take additional steps as needed to support the banking system.