Sen. Elizabeth Warren says she wants to make banking boring again
Publishing timestamp: 2023-03-31 15:27:29
Summary
Senator Elizabeth Warren is calling for banking to be "boring" again following the recent failures of Silicon Valley Bank and Signature Bank. She believes that banking should not be an industry that attracts risk-takers and has authored or sponsored three new bills related to bank oversight. Warren has criticized the Trump administration for weakening regulation for regional and midsized banks, which she believes contributed to the recent failures. She is calling for stronger regulations and safeguards to be put back into place to protect depositors and small businesses.
Sentiment: NEGATIVE
Keywords: signature bank, joe biden, business, politics, banks, economy, svb financial group, business news, u.s. economy,
Source: https://www.cnbc.com/2023/03/31/elizabeth-warren-wants-to-make-banking-boring-again.html