Legislators Propose Major Banking Reforms

Troubles in the financial sector spur action. Members of Congress are considering banking reforms after the failures of Silicon Valley Bank, Signature Bank, and First Reserve Bank this…

Read More

SEC Head Testifies Before House Financial Services Committee

Congressional chairman questions climate and cryptocurrency decisions. Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), testified before the House Financial Services Committee this week, his…

Read More

Secretary Yellen Proposes Treasury Budget for 2024

Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…

Read More

Fed Again Considers Interest Rate Hike 

Central bank members meet Wednesday.  The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…

Read More

Three U.S. Banks Have Failed 

The FDIC, Treasury Department, and Federal Reserve are working together to ensure depositors’ access to funds. The Federal Deposit Insurance Corporation has taken over the Silicon Valley Bank…

Read More

Bank CEOs Questioned in House Hearing

Endorsed Federal Reserve hikes to counter inflation The House of Representatives Financial Services Committee questioned bank CEOs last week, inquiring on a variety of topics. The hearing primarily…

Read More

Congress Holds Hearing into Stock Freeze

Robinhood CEO Apologizes for stopping customer trading. The House Financial Services Committee held a hearing on GameStop Thursday. The goal of the gathering was to better understand the…

Read More
Back to top
FE3