• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, May 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

White House to Propose New Bank Rules in Wake of Silicon Valley Bank Collapse

by Indrajeet Giram
March 30, 2023
in Markets
Reading Time: 2 mins read
0
White House to Propose New Bank Rules in Wake of Silicon Valley Bank Collapse

White House to Propose New Bank Rules in Wake of Silicon Valley Bank Collapse

TwitterWhatsappLinkedin

According to sources, the White House is set to release its plans for strengthening bank oversight in the United States this week, following the collapse of Silicon Valley Bank earlier this month.

You might also like

Trump-Themed Meme Coin Sees $140 Million Surge as Supporters Buy In for Exclusive Dinner Invite

USDA Faces Backlash Over Push for States’ SNAP Data Sharing

89 Million Steam Accounts Allegedly Compromised in Massive Data Breach

President Joe Biden is expected to advocate for the reinstatement of rules for banks with assets between $100 billion and $250 billion that were deregulated under the Trump administration.

The proposed measures, which are still being finalized, are likely to fall short of broader changes to existing law due to the White House’s skepticism about their chances of passing in a divided Congress.

Instead, the plans would need to be implemented by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency.

White House to Propose New Bank Rules in Wake of Silicon Valley Bank Collapse
source : businessinsider.com

The White House has declined to comment on the specifics of the proposed reforms, but officials had previously indicated that their plans would be announced in the near future.

The measures under consideration are expected to include raising bank capital requirements, strengthening stress tests, and improving plans for winding down banks safely. These steps would aim to ensure that banks are better equipped to handle potential financial shocks, minimizing the risk of a repeat of the 2008 financial crisis.

While the precise details of the proposed measures are still being developed, it is clear that the White House is taking bank oversight seriously in the wake of Silicon Valley Bank’s collapse.

By focusing on the reinstatement of rules for mid-sized banks, the administration is seeking to strike a balance between addressing the risks posed by these institutions and avoiding overregulation that could stifle economic growth.

New Bank Rule Proposal Takes Shape in White House

The plans are also likely to be welcomed by proponents of greater bank oversight, who have long argued that deregulation under the Trump administration increased the likelihood of another financial crisis.

However, it remains to be seen how effective these proposed reforms will be in practice. With a divided Congress and the likelihood of intense lobbying from the banking industry, passing any new regulations could be a significant challenge.

Nonetheless, the White House appears to be committed to strengthening bank oversight, and the proposed measures represent an important step towards ensuring the stability of the US financial system in the years to come.

White House to Propose New Bank Rules in Wake of Silicon Valley Bank Collapse
source : marketwatch.com

The state of the US economy was gradually recovering from the impacts of the recent banking crisis in the US and Europe, which had caused significant disruptions to economic activity in first few months of 2023.

Along with that, the Inflation had risen, driven by factors such as supply chain disruptions, but the Federal Reserve had signaled that it viewed these price increases as transitory and that it expected inflation to return to its long-term target over time.

Meanwhile, fiscal stimulus measures had provided support to households and businesses, although concerns had been raised about the long-term sustainability of government debt levels.

Tags: #Federal ReserveDeregulationEconomic Growthfinancial stabilityPresident Joe BidenSilicon Valley BankWhite House
Tweet54SendShare15
Previous Post

Indian Government Investigates Big Tech Companies for Alleged Anti-Competitive Practices

Next Post

Meta explores changes to ad policies in Europe

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Trump-Themed Meme Coin Sees $140 Million Surge as Supporters Buy In for Exclusive Dinner Invite

by Harikrishnan A
May 15, 2025
0
Trump Campaign Confirms Security Breach Amid Concerns of Foreign Interference

In a striking fusion of digital finance and political enthusiasm, supporters of Donald Trump have funneled over $140 million into a meme-themed cryptocurrency known as $TRUMP. Their goal?...

Read more

USDA Faces Backlash Over Push for States’ SNAP Data Sharing

by Harikrishnan A
May 15, 2025
0
USDA Faces Backlash Over Push for States’ SNAP Data Sharing

The U.S. Department of Agriculture (USDA) is under fire for pressuring states and their private contractors to hand over sensitive personal data of millions of low-income Americans who...

Read more

89 Million Steam Accounts Allegedly Compromised in Massive Data Breach

by Harikrishnan A
May 15, 2025
0
89 Million Steam Accounts Allegedly Compromised in Massive Data Breach

Millions of Steam users are being urged to change their passwords and secure their accounts following alarming reports that personal data from 89 million user accounts is up...

Read more
Next Post
Meta

Meta explores changes to ad policies in Europe

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?