Failures in the banking sector that nearly tanked the economy earlier this year resulted in a spate of legislative proposals aimed at punishing executives and reining in the banking sector. They range from a Sen. Bernie Sanders (I-Vt.) plan to prohibit bankers from serving on Federal ...Read More

A plan by the top U.S. banking cop to make the sector more resilient may have gotten a boost from the recent banking crisis, but still faces numerous challenges. Fed Vice Chair for Supervision Michael Barr has laid out a plan to increase capital requirements for ...Read More

Federal officials are reportedly probing Goldman Sachs’ involvement in the final days of Silicon Valley Bank. A report by The Wall Street Journal (WSJ) Thursday (June 15) says that Federal Reserve and the Securities and Exchange Commission (SEC) are investigating the banking giant’s role in acquiring Silicon Valley ...Read More

UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country’s two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and ...Read More

The 44-page PowerPoint presentation to federal banking regulators was clear and direct: Letting companies pay their chief executives in stock that the CEOs could sell while still working for the companies risked disaster. Years of research showed that the existing structure for paying Wall ...Read More

At least three lawmakers traded bank stocks last month as the federal government grappled with a banking crisis, according to financial disclosures analyzed by The Wall Street Journal. The disclosures raise the question of whether lawmakers received inside information relating to the collapse of Silicon ...Read More

President Biden on Thursday called on federal regulators to consider imposing stronger safeguards on the banking industry in the wake of the failure of Silicon Valley Bank, in part by reversing Trump-era rollbacks. Biden urged federal banking agencies, in consultation with the Treasury Department, to consider a ...Read More