People look at signs posted outside an entrance to Silicon Valley Bank in Santa Clara on Friday. Silicon Valley Bank became the biggest U.S. lender to fail in more than a decade after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus by the tech startups that had fueled the lender’s rise. Problems mounted …
The story you often hear about the Industrial Revolution in 18th century England is one of technological transformation. In one variant, the central bank will become the sole deposit-taking institution, transforming itself into a citizens’ bank. The key design imperative in the beta variant is to prevent a competition for deposits between commercial banks and the central bank so that …
Kristen Clarke, assistant attorney general for the civil rights division, and Vanita Gupta, associate U.S. attorney general, faced considerable opposition from Republicans during their confirmation processes. Anna Moneymaker/Getty Images People of color nominated by President Joe Biden for administration jobs have faced, on average, a tougher and lengthier confirmation process in the Senate than their white counterparts. Fifty-six percent of …
A look into the ugly and incredibly personal fight over Biden's pick to oversee banks Enlarge this image toggle caption Senate Committee on Banking, Housing, and Urban Affairs Senate Committee on Banking, Housing, and Urban Affairs The president's pick to become a top banking regulator doesn't usually attract a lot of interest, but this time is different. At the hearing, …
Saule Omarova speaks during a September 2018 Senate banking committee hearing titled "Fintech: Examining Digitization, Data, and Technology." The Senate Must Defeat Communist Saule Omarova For Comptroller of the Currency - The Capitol Switchboard is call today & tell your Senators to vote NO on Communist Saule Omarova, President Biden’s nominee for Comptroller of the Currency https://t.co/vrgewQVvTU — Richard Viguerie …
