deposit runs

Auto Added by WPeMatico

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

by

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday … Read more

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

by

After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration … Read more