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Search resuls for: "Pete Schroeder Saeed Azhar"


2 mentions found


☆ Analysis: Wall Street push for bank rescues clashes with Washington realities
  + stars: | 2023-03-25 | by ( Pete Schroeder Saeed Azhar | Pete Schroeder | Saeed Azhar | ) www.reuters.com   time to read: +5 min
WASHINGTON/NEW YORK, March 25 (Reuters) - The banking crisis set off by the swift collapse of Silicon Valley Bank (SIVB.O) has exposed a sharp disconnect between Washington and Wall Street. Some critics are asking whether the Biden administration could have contained the crisis with aggressive actions at the start. FINDING A BUYER FOR SVBThe failure of the nation's 16th largest bank caught regulators off guard. The banking industry itself is not united on how to reassure depositors. The banking industry is searching for sweeping relief to calm markets, while Washington is discussing how to prevent the next crisis.
☆ Analysis: Bank panic raises specter of 2008, may bring lasting change
  + stars: | 2023-03-18 | by ( Pete Schroeder Saeed Azhar | Pete Schroeder | Saeed Azhar | ) www.reuters.com   time to read: +8 min
He now faces renewed criticism over his agenda at the Fed, where he oversaw efforts to reduce regulations on regional banks. U.S. regional banks are expected to pay higher rates to depositors to keep them from switching to larger lenders, leaving them with higher funding costs. In 2008, regulators had to contend with billions of dollars in toxic mortgages and complex derivatives sitting on bank books. Currently, regional banks below $250 billion in assets have simpler capital, liquidity and stress testing requirements. "SVB is not a very complicated bank," said Dan Awrey, a Cornell Law professor and bank regulation expert.
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