Truthout
Banks
![A man walks by Silicon Valley Bank](https://truthout.org/app/uploads/2023/03/2023_0322-svb-bank-400x300.jpg)
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](https://truthout.org/app/uploads/2023/03/seg1-ben-bill-400x300.jpg)
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.
![Sen. Elizabeth Warren speaks during a hearing on Capitol Hill in Washington, D.C., on March 16, 2023.](https://truthout.org/app/uploads/2023/03/2023_0320-elizabeth-warren-400x300.jpg)
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.”
![Silicon Valley Bank headquarters](https://truthout.org/app/uploads/2023/03/GettyImages-1248159632-400x300.jpg)
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.
![Sen. Elizabeth Warren attends a hearing in Hart Building on March 7, 2023.](https://truthout.org/app/uploads/2023/03/2023_0315-elizabeth-warren-400x300.jpg)
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.
![People line up in front of a sign reading "SVB Private"](https://truthout.org/app/uploads/2023/03/2023_0315-svb-bank-400x300.jpg)
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.
![Kyrsten Sinema stands and claps](https://truthout.org/app/uploads/2023/03/2023_0315-sinema-400x300.jpg)
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.
![Sen. Joe Manchin speaks during a news conference to introduce the Restricting the Emergence of Security Threats that Risk Information Communications Technology Act, or RESTRICT Act, on Capitol Hill on Tuesday, March 7, 2023, in Washington, D.C.](https://truthout.org/app/uploads/2023/03/2023_0314-joe-manchin-400x300.jpg)
Manchin Now Says Bank Deregulation Isn’t Great Despite “Yes” Vote on 2018 Repeal
In the wake of the Silicon Valley Bank failure, bank deregulation doesn’t look so good to Manchin.
![Federal Reserve Chair Jerome Powell arrives to a hearing with the House Committee on Financial Services on Capitol Hill on March 8, 2023, in Washington, D.C.](https://truthout.org/app/uploads/2023/03/2023_0314-jerome-powell-400x300.jpg)
Warren: Jerome Powell Should Recuse Himself From Bank Probe for Role in Failure
The Silicon Valley Bank failure was caused in part by deregulation pushed by Powell, Warren says.
![Banks Lobbied to Weaken Regulations That Could Have Prevented Their Collapse](https://truthout.org/app/uploads/2023/03/seg1-Biden-SVB-400x300.jpg)
Banks Lobbied to Weaken Regulations That Could Have Prevented Their Collapse
Executives from the failed Silicon Valley Bank and Signature Bank were among those who lobbied to weaken the rules.