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Search resuls for: "Sarah N. Lynch Rami Ayyub"


4 mentions found


☆ Working to address SVB collapse, but not looking at bailout, says Yellen
  + stars: | 2023-03-12 | by ( Sarah N. Lynch Rami Ayyub Andrea Shalal | Sarah N. Lynch | Rami Ayyub | ) www.reuters.com   time to read: +3 min
WASHINGTON, March 12 (Reuters) - U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank (SIVB.O) and protect depositors, but a major bailout was not being considered. Yellen told the CBS News "Face the Nation" show that she had been working with regulators to "design appropriate policies to address the situation," the largest bank collapse since the 2008 financial crisis, but declined to give further details. "But we are concerned about depositors and are focused on trying to meet their needs," Yellen said. California banking regulators on Friday closed SVB, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver to protect depositors at the startup-focused lender. The collapse of the startup-focused bank has raised concerns about runs on regional banks, and the ability of small businesses that banked with SVB to pay their employees.
☆ Yellen: working to address SVB collapse, but not looking at bailout
  + stars: | 2023-03-12 | by ( Sarah N. Lynch Rami Ayyub Andrea Shalal | Sarah N. Lynch | Rami Ayyub | ) www.reuters.com   time to read: +3 min
WASHINGTON, March 12 (Reuters) - U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank (SIVB.O) and protect depositors, but a major bailout was not being considered. Yellen told the CBS News "Face the Nation" show that she had been working with regulators to "design appropriate policies to address the situation," the largest bank collapse since the 2008 financial crisis, but declined to give further details. "But we are concerned about depositors and are focused on trying to meet their needs," Yellen said. California banking regulators on Friday closed SVB, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver to protect depositors at the startup-focused lender. The collapse of the startup-focused bank has raised concerns about runs on regional banks, and the ability of small businesses that banked with SVB to pay their employees.
☆ U.S. Justice Dept finds Louisville police discriminates against Black residents
  + stars: | 2023-03-08 | by ( Sarah N. Lynch Rami Ayyub | Sarah N. Lynch | Rami Ayyub | ) www.reuters.com   time to read: +2 min
Companies Us Justice Department FollowWASHINGTON, March 8 (Reuters) - The Louisville, Kentucky police department whose officers fatally shot Breonna Taylor in 2020 routinely discriminates against Black residents, uses excessive force and conducts illegal searches, the U.S. Justice Department said on Wednesday. At a news conference, Garland said the department had reached a "consent decree" with the Louisville police, which will require the use of an independent monitor to oversee policing reforms. Garland said some Louisville police officers had demonstrated disrespect to the people they are sworn to protect, with some insulting people with disabilities and describing Black people as "monkeys." Taylor, a 26-year-old emergency medical technician, was asleep in bed with her boyfriend on March 13, 2020, when Louisville police executing a no-knock warrant burst into her apartment. In 2022, former Louisville detective Kelly Goodlett pleaded guilty to federal criminal charges that she helped falsify the search warrant that led to Taylor's death.
☆ Louisville police discriminate against Black people, US Justice Dept says
  + stars: | 2023-03-08 | by ( Sarah N. Lynch Rami Ayyub | Sarah N. Lynch | Rami Ayyub | ) www.reuters.com   time to read: +5 min
Companies Us Justice Department FollowWASHINGTON, March 8 (Reuters) - The Louisville, Kentucky, police force routinely discriminates against Black residents, uses excessive force and conducts illegal searches, the U.S. Justice Department said on Wednesday, following a probe prompted by Breonna Taylor's death in 2020. Some Louisville police officers even filmed themselves insulting people with disabilities and describing Black people as "monkeys," the Justice Department said. Louisville Mayor Craig Greenburg told reporters the Justice Department's report brought back "painful memories" and vowed to implement reforms. Under Garland's leadership, the Justice Department has sought to reinvigorate its civil rights enforcement program, an area civil rights advocates say was left in tatters by the former administration of former U.S. President Donald Trump. The Justice department has since restored their use, and launched multiple civil rights investigations into police departments, local jails and prisons across the country.
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