Truthout
Banks
The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says
One researcher called the SVB bailout “a good illustration of the enormous class bias in American policymaking.”
Sanders Introduces Bill to Stop Bank CEOs From Serving as Fed Bank Regulators
The CEO of Silicon Valley Bank was a member of the San Francisco Fed board up until the day his bank collapsed.
Senate Banking Committee Member Dismisses Calls for Regulations, Bankers Applaud
The American Bankers Association welcomed the Republican's defense of a 2018 law that weakened regulations.
Three Banks Have Now Collapsed. A Progressive Economist Explains Why.
There is a banking crisis underway and the problems are spreading, says Gerald Epstein.
Nationwide Protests Demand End of Big Bank Funding for Fossil Fuel Expansion
More than 100 demonstrations are scheduled today amid the UN’s latest warning that a climate time bomb is ticking.
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal Reserve
“He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.”
The SVB and Signature Bank Crashes Show Why We Need Public Banking
We have a pivotal opportunity to reshape our financial system for the benefit of all.
Warren Introduces Bill to Repeal 2018 Dodd-Frank Rollback in Wake of Bank Crisis
The bill would once again ensure that mid-sized banks like Silicon Valley Bank face stricter oversight.
Silicon Valley Bank Collapse Offers a Primer on How Elite Power Preserves Wealth
The second-largest bank failure in history was like a pipeline rupture interrupting the flow of capital.
Lobbyists “Bought Sinema’s Vote” That Resulted in Bank Collapse, Gallego Says
Three SVB lobbyists maxed out donations to Sinema ahead of 2018 Dodd-Frank rollback which led to the collapse, he said.