The news comes after Chinese authorities closed the Beijing offices of Mintz Group and launched a cybersecurity probe into US chipmaker Micron.
May 2, 2023Large banks are seeking government support to help First Republic Bank, but the government is currently unwilling to intervene.
April 28, 2023The proposals will make it easier to designate investment managers, insurers and other nonbank financial groups as systemically important.
April 25, 2023SVB's collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated "thoughtfully".
April 14, 2023The US-led initiative commits participating countries to implementing the FATF's revised Recommendation 24 to combat corruption.
March 29, 2023Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.
March 29, 2023Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.
March 23, 2023US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.
March 22, 2023From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.
March 20, 2023Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
March 17, 2023