Elizabeth Warren criticizes 'overnight' bailout of SVB customers while leaving 'millions of student loan borrowers in limbo'
"On Sunday night, regulators announced they would ensure that all deposits at S.V.B. and Signature would be repaid 100 cents on the dollar. Not just small businesses and nonprofits, but also billion-dollar companies, crypto investors and the very venture capital firms that triggered the bank run on S.V.B. in the first place — all in the name of preventing further contagion," Warren wrote. required to protect deposits. We'll see if that's true," she continued.
Warren has long pushed for stricter oversight over big banks, along with protections for student-loan borrowers. Regulators' protections for SVB customers come asfor the Supreme Court to decide whether President Joe Biden's plan to cancel up to $20,000 in student debt is legal. With 45 million Americans holding $1.
"These bank failures were entirely avoidable if Congress and the Fed had done their jobs and kept strong banking regulations in place since 2018," Warren wrote."S.V.B. and Signature are gone, and now Washington must act quickly to prevent the next crisis."Subscribe to push notifications
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Leer más »
SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Leer más »
Kamala Harris not returning calls to Elizabeth Warren: ReportVice President Kamala Harris reportedly is not returning Sen. Elizabeth Warren's (D-MA) phone calls due to comments the senator made back in January.
Leer más »
Elizabeth Warren's shocking Spirit folly will hurt all air travelersElizabeth Warren's shocking Spirit folly will hurt all air travelers. Democrats embrace antitrust attack on JetBlue merger, return to ‘big is bad’ strategy.
Leer más »
Vice President Harris snubs Elizabeth Warren’s attempt to apologizeSen. Elizabeth Warren is failing to get back into the good graces of Vice President Kamala Harris after refusing to commit to the idea of President Biden keeping his VP on the ticket in 2024.
Leer más »
Sen. Elizabeth Warren blames Congress for Silicon Valley Bank failure, says it weakened oversightSen. Elizabeth Warren is pointing the finger squarely at Congress in the fault-finding over the failure of Silicon Valley Bank, which sent tremors through the financial system.
Leer más »