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Signature Bank's failure took only marginally longer. "The number 36 has just been, you know, branded in my brain," Atlanta Fed President Raphael Bostic told Reuters earlier this month. "I think that any time you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," Barr told U.S. lawmakers in a hearing in March. "It's how do we allow a bank whose failure threatened the financial system to persist without being subject to more aggressive intervention?" "One thing for certain ... this was a very significant supervisory failure," Tarullo said at the Peterson Institute for International Economics event on Wednesday.

☆ Premarket stocks: Banking chaos has been bittersweet for crypto and wine
▼ + stars: | 2023-03-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But it also gave the fine wine and crypto industry a big boost as panicking investors rushed out of the financial sector and into alternative assets. Bittersweet banking: SVB lent over $4 billion to winery clients since 1994, with over 400 wine industry clients (including wineries, vineyards and vendors) working with the bank’s premium wine division, according to the bank’s website. Recent SEC filings, meanwhile, indicated SVB had about $1.2 billion in outstanding loans to high-end wine clients when the bank collapsed. Circle, the company behind popular stablecoin USDC, said it had about $3.3 billion of its $40 billion in reserves at SVB. The collapse of Signature Bank, a major crypto lender, also had serious implications for the industry.

☆ Fmr. Deputy Treasury Secretary Sarah Bloom Raskin on the SVB and Signature Bank hearings
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. Deputy Treasury Secretary Sarah Bloom Raskin on the SVB and Signature Bank hearingsFormer Deputy Treasury Secretary and Federal Reserve Board of Governors member Sarah Bloom Raskin explains her expectations for the two-day probe into the failures of Silicon Valley Bank and Signature Bank.

☆ U.S. banking system still seeing elevated stress levels, says former Treasury official Sarah Bloom
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. banking system still seeing elevated stress levels, says former Treasury official Sarah BloomSarah Raskin, former deputy U.S. Treasury Secretary and CNBC contributor, joins CNBC's "Squawk Box" to discuss the stress on the U.S. banking system, and how the Fed may respond.

☆ Former Treasury official Sarah Bloom Raskin on the backlash against ESG investing
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Treasury official Sarah Bloom Raskin on the backlash against ESG investingFormer Deputy Treasury Secretary Sarah Bloom Raskin discusses the Senate's push against ESG investing.

The win ends a nearly two-year power sharing agreement, giving Democrats true majority rule. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona's viselike grip on their party's priorities has loosened a bit, thanks to Georgia. Republicans will no longer be able to bottle up Biden administration nominees in committee, and select Democratic committee chairs will again be able to issue subpoenas. "Joe Manchin is a good person; he really is," Biden said Friday at a reception for the Democratic Senatorial Campaign Committee. Senate Majority Leader Chuck Schumer of New York speaks at a press conference at the Capitol on August 5, 2022.

☆ Former nominee for Fed regulation chief frets about rising market risks
▼ + stars: | 2022-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Citing the recent heavy market turbulence that struck the United Kingdom, Sarah Bloom Raskin told a University of Pennsylvania conference Thursday that those overseas events were “a warning of sorts” for the United States. Raskin is currently a law professor at Duke University. She had been named to be the Fed’s point person on financial regulation last year before withdrawing. Raskin was also a Treasury official in the Obama Administration and before that, she served as Fed governor from 2010 to 2014. Asset values have been hard hit by the Fed’s actions and there are broad worries about liquidity in markets for securities like U.S. Treasury bonds.

☆ Învestirea lui Joe Biden va avea loc într-un format redus din cauza pandemiei; De obicei, ceremonia atrage mulțimi enorme
▼ + stars: | 2020-11-23 | by ( ) www.jurnal.md time to read: +3 min

Miliardarul încearcă să anuleze rezultatul alegerilor prezidenţiale în mai multe state-cheie, precum Michiganul, unde Biden a obţinut de asemenea o victorie. Joe Biden urmează să devină la 20 ianuarie al 46-lea preşedinte al Statelor Unite. El se gândeşte la alcătuirea Guvernului său şi promite să anunţe marţi ”promele nume”, a anunţat Ron Klain. În privinţa ceremoniei învestirii - care atrage de obicei mulţimi enorme la Washington -, Ron Klain a evocat ”versiuni reduse ale tradiţiilor existente”. Este ceva de sărbătorit”, a declarat Ron Klain.

Persons: Donald Trump, Joe Biden, Miliardarul, Biden, Ron Klain, Statelor Unite . El, Janet Yellen, Sarah Bloom, Atlanta Raphael Bostic, Susan Rice, Antony Blinken, Trump, Cedric Richmond, Biden . Joe Biden Organizations: Casei, Statelor Unite ., Bank, CNN, Albă, NBC News, Colegiul Electoral Locations: corespondenţă, Pennsylvania, Statelor Unite, preşedintă, guvernatoare, Atlanta, Washington, ţară, tranziţie, justiţie, Colegiul

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