TL;DR CNBC

Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses

Publishing timestamp: 2023-03-14 18:59:37

Summary

Democrats have introduced a bill to repeal Trump-era bank deregulations that they say led to the collapse of Silicon Valley Bank and Signature Bank. The bill would lower the asset threshold for banks to qualify for enhanced regulation back to $50 billion, which was the original threshold set by the Dodd-Frank Act. The collapse of Silicon Valley Bank and Signature Bank has sparked debate among Democrats and Republicans about the need for tighter regulation of mid-sized banks.

Sentiment: NEGATIVE

Tickers: SIVB,  SBNY, 

Keywords: banks,  elizabeth warren,  business news,  breaking news: politics,  economy,  congress,  washington,  joe biden,  white house,  signature bank,  markets,  politics,  donald trump,  svb financial group, 

Source: https://www.cnbc.com/2023/03/14/svb-collapse-warren-bill-would-repeal-2018-deregulation-democrats-blame-for-the-crisis.html