News with the tag "Banking regulators"

Donald Trump’s presidential transition team is reportedly investigating the feasibility of merging, restructuring, or even dismantling some of the nation’s key banking regulators. According to sources cited by The Wall Street Journal, advisers are exploring whether a president can eliminate the Fede...

Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision. The company has outlined the steps that must be taken by customers who are willing to ...

On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), rele...