Deposits decreased by $76.2 billion in the week ended April 12, according to seasonally adjusted data from the Federal Reserve out Friday. The drop was mostly at large and foreign institutions, but they also fell at small banks.
Today, we are restoring the Financial Stability Oversight Council’s most important tool to prevent future meltdowns and bailouts in the shadow banking sector. One of the biggest problems we face when confronting the dangers in our financial system is regulatory amnesia.
The enormity of U.S. government debt is hard for the average person to wrap their head around. For instance, compared to the median U.S. mortgage, the current level of federal debt is 230 million times larger.
Washington, D.C.— U.S. Congressman Andy Barr (R-KY), Chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, reintroduced the Fair Access to Banking Act. The Fair Access to Banking Act would prohibit banks from denying fair access to financial services under the standards of woke corporate cancel culture and prevent the weaponization for political purposes.
Washington, DCCNN — Businesses across the country said banks have tightened their lending standards since last month’s banking crisis, according to an economic survey from the Federal Reserve released Wednesday.
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