He accepted responsibility for the agency’s culture, which was revealed in a report. Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg testified before the House Financial Services Committee…
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Legislators Propose Major Banking Reforms
Troubles in the financial sector spur action. Members of Congress are considering banking reforms after the failures of Silicon Valley Bank, Signature Bank, and First Reserve Bank this…
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SEC Head Testifies Before House Financial Services Committee
Congressional chairman questions climate and cryptocurrency decisions. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), testified before the House Financial Services Committee this week, his…
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Secretary Yellen Proposes Treasury Budget for 2024
Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…
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Fed Again Considers Interest Rate Hike
Central bank members meet Wednesday. The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…
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Three U.S. Banks Have Failed
The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…
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Bank CEOs Questioned in House Hearing
Endorsed Federal Reserve hikes to counter inflation The House of Representatives Financial Services Committee questioned bank CEOs last week, inquiring on a variety of topics. The hearing primarily…
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Congress Holds Hearing into Stock Freeze
Robinhood CEO Apologizes for stopping customer trading. The House Financial Services Committee held a hearing on GameStop Thursday. The goal of the gathering was to better understand the…
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