Elizabeth Warren Demands Investigation into Bank Failures and Fed Chair's Actions.
TL;DR
Senator Elizabeth Warren has called for an independent investigation into US bank failures and criticised Federal Reserve finance officials, including Chairman Jerome Powell, for their oversight and supervision of banks. Warren has also sent a letter to the inspectors general of the US treasury department, the Federal Deposit Insurance Corp (FDIC) and the Federal Reserve, urging regulators to examine the recent management and oversight of the banks which collapsed earlier this month. She has also unveiled legislation that would repeal Trump-era deregulation of smaller US banks and raise “stress-tests” on “too big to fail” banks from $50bn to $250bn.
Topics:businesspolitics#bank-collapse#deregulation#elizabeth-warren#federal-reserve#politics#us-banking-system
- Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse The Guardian
- Elizabeth Warren Says Fed Chair Powell Took 'Flamethrower' to Bank Regulations Yahoo! Voices
- Elizabeth Warren Calls for Investigation of SVB and Signature Bank Collapses - WSJ The Wall Street Journal
- Retired banking exec: I don’t often agree with Elizabeth Warren, but I do on this | Opinion Charlotte Observer
- The Fed must look at banks with 'much more scrutiny': Sen. Elizabeth Warren l This Week ABC News
Want the full story? Read the original reporting
Read on The Guardian