DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Andrea Shalal Pete Schroeder"


2 mentions found


☆ JPMorgan deal forces Biden administration to defend record on mergers
  + stars: | 2023-05-01 | by ( Andrea Shalal Pete Schroeder | Andrea Shalal | Pete Schroeder | ) www.reuters.com   time to read: +3 min
WASHINGTON, May 1 (Reuters) - JPMorgan Chase & Co's (JPM.N) deal to buy First Republic Bank pushed the Biden administration into a corner, leaving officials scrambling to explain how their stance against mergers squared with allowing the largest U.S. bank to get even bigger. At a White House event on small business on Monday, President Joe Biden hailed the sale of the troubled San Francisco-based lender, saying it would protect all depositors and avert a government bailout. "A poorly supervised bank was snapped up by an even bigger bank — ultimately taxpayers will be on the hook," Warren tweeted. "No recent administration has done more to promote competition, address (the) concentration process across industries," she told a White House briefing. Jean-Pierre added that Biden administration officials valued the fact that community banks offer services to those who might not otherwise have banking access.
☆ White House pushes new rules for mid-sized banks without going to Congress
  + stars: | 2023-03-30 | by ( Andrea Shalal Pete Schroeder | Andrea Shalal | Pete Schroeder | ) www.reuters.com   time to read: +3 min
The White House's push for more regulation comes after days of turmoil in the banking sector after the collapse of U.S. lenders Silicon Valley Bank and Signature Bank. "This ... is really about making sure that we are protecting the resilience and stability of the banking system going forward," the official added. Silicon Valley bank had $209 billion in assets at the end of last year. According to Federal Reserve data, about 30 banks had assets of more than $100 billion at the end of last year, a list that included Silicon Valley Bank and Signature Bank. The Fed and other bank regulators have indicated they are already looking to strengthen bank rules, particularly for firms between $100 billion and $250 billion in assets.
0 next >>
Total: 2