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The Latest Breaking News from the Senate Banking Committee

Powell To Face Congress Amid Criticism Over Fed’s Policy Stance

Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.

Zenger

Bipartisan interest in new deposit insurance cap, but for whom? - Roll Call

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

Roll Call

A chance reunion at a fundraiser sent Glenn Ivey to the Hill; now he’s back as a member

WASHINGTON — Maryland Democratic Rep. Glenn F. Ivey got his start on Capitol Hill with a conversation about jazz. After blanketing members of the Congressional Black Caucus with his résumé, Ivey landed an interview with one of its founders, Democratic Rep. John Conyers Jr. of Michigan. Instead of talking politics,…

Tribune News Service

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A chance reunion at a fundraiser sent Glenn Ivey to the Hill; now he's back as a member - Roll Call

Freshman Rep. Glenn Ivey returns to D.C. having worked for John Conyers, Paul Sarbanes and former Senate Minority Leader Tom Daschle.

Roll Call

5 things we learned from the Senate hearing on the Silicon Valley Bank collapse

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

WEKU

Fed official: SVB itself was main cause of bank's failure

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse

The Independent UK

Lawmakers open to Biden’s call to claw back SVB executive pay

WASHINGTON — President Joe Biden’s call for legislation that would allow regulators to claw back executive bonuses and stock sale proceeds in the lead up to the Silicon Valley Bank collapse has found a receptive audience on Capitol Hill.

Tribune News Service

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Lawmakers open to Biden’s call to claw back SVB executive pay - Roll Call

Lawmakers from both parties are open to executive compensation clawback legislation after the failure of SVB and Signature Bank.

Roll Call

Making Sense of a Wild Week in the Markets

It's been another doozy of a week for the S&P 500 (SPY). We had Fed Chair Jerome Powell giving his semiannual testimony before the Senate Banking Committee. We had the latest job openings summary from January. We had a surprise run on a bank in Silicon Valley push the entire…

StockNews.com

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