'SVB's failure could and should have been prevented': Experts argue for better regulation and supervision by the Fed
Publishing timestamp: 2023-04-03 11:21:33
Summary
The recent collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse highlights the need for better regulation and supervision by the Federal Reserve to prevent financial disasters. The rollback of Dodd-Frank regulations by the Trump administration has also been cited as a reason for the failure of Silicon Valley Bank. The focus should be on enforcing existing rules to prevent future failures.
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Tickers: SBNY, SIVB, CSG.N-CH,
Keywords: donald trump, banks, signature bank, markets, video first, recessions and depressions, fdic, business news, trump administration, credit suisse group ag, dodd-frank wall street reform and consumer protection act, economy, svb financial group,
Source: https://www.cnbc.com/2023/04/03/how-the-us-government-can-prevent-more-bank-failures.html