HREP

Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

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Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

WASHINGTON, March 22 (Reuters) – A conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation on Wednesday to replace the Federal Reserve’s internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank and Signature Bank. Republican Rick Scott and Democrat Elizabeth … Read more

US banking system sound but not all deposits guaranteed, Yellen says

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US banking system sound but not all deposits guaranteed, Yellen says

WASHINGTON, March 16 (Reuters) – The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank failures mean that a blanket government guarantee now existed for all deposits. In her first public remarks … Read more