#MARTINGRUENBERG News
Lawmakers Scrutinize Executive Bonuses At Collapsed Banks
zerohedge.com Lawmakers Scrutinize Executive Bonuses At Collapsed Banks After several years during the pandemic in which bonuses exploded higher, reality is once again bearing down on the…
US regulators vow tougher oversight after SVB, Signature supervision failures
reuters.com U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their…
Column: Love it or hate it, the Silicon Valley Bank bailout won't cost taxpayers a cent
latimes.com The collapse of Silicon Valley Bank raised questions anew about how and whether to bail out failed financial institutions. What’s the dirtiest word in financial policy? My…
Elizabeth Warren: 'Very troubled' by First Republic sale to JPMorgan
yahoo.com Senator Elizabeth Warren told US regulators Thursday that she was "very troubled" by the sale of First Republic to JPMorgan Chase (JPM), arguing the deal made the nation's…
Regulators Rebut Claims by Silicon Valley Bank’s Ex-C.E.O
nytimes.com The bank had not fixed its problems before it failed, they said. Its leader was not excluded from the sale process. When asked in a Senate hearing this week who was to blame…
Sen. Elizabeth Warren presses regulators for answers on First Republic takeover
cnbc.com Sen. Elizabeth Warren, D-Mass., greets Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation, during the Senate Banking, Housing, and Urban Affairs…
Signature Bank’s Demise Due to Crypto Exposure: FDIC Chair
cryptodaily.co.uk Martin Gruenberg, chairman of the FDIC, blamed Signature Bank’s involvement in the crypto industry for its ultimate collapse. In a recent speech before the House Committee…
FDIC Chair Blames Crypto Exposure for Signature Bank’s Demise
cryptopotato.com Signature Bank’s involvement in the digital asset industry was the reason that ultimately caused its demise, according to FDIC’s Martin Gruenberg. The chair also…
FDIC Chair Says Signature Bank Failed To Understand the Risks of Doing Business With Crypto Industry
dailyhodl.com The head of the U.S. Federal Deposit Insurance Corporation (FDIC) says that Signature Bank (SBNY) failed to grasp the risks of doing business with the crypto industry ahead…
SVB bank run could have been a ‘coordinated’ effort by short sellers, says Republican congressman
marketwatch.com Republican Rep. Warren Davidson of Ohio has requested that bank regulators investigate whether the run on deposits at Silicon Valley Bank were orchestrated by short sellers…
US bank regulators vow tougher rules, oversight after bank failures
reuters.com The Federal Reserve is eyeing stricter rules on banks over $100 billion in assets and will ensure supervisors more aggressively police lenders following several recent bank…
Crypto, Regulatory Oversight Both Culpable in Signature’s Collapse, FDIC Chair Admits
blockworks.co The collapse of Signature Bank was largely due to its reliance on uninsured deposits and exposure to crypto, FDIC Chair Martin Gruenberg said Monday. In a speech before the…
In the Market: Why US regional banks are doomed to a doom loop
reuters.com [1/2] A sign reads “FDIC Insured” on the door of a branch of First Republic Bank in Boston, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder May 15 (Reuters) -…