The Latest Breaking News from the Senate Banking Committee

The long-awaited legislation would tackle thorny questions like market structure and stablecoin oversight.

President Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

Stock futures steady as markets eye Powell testimony; Fed Chair Powell faces senate banking committee as markets test rate path; FedEx shares slide after mixed Q4 earnings, muted demand outlook; Tesla extends gains on China EV stimulus, Texas charging station rules and Titan searchers hear noises as hopes rise for…

Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

WASHINGTON — Maryland Democratic Rep. Glenn F. Ivey got his start on Capitol Hill with a conversation about jazz. After blanketing members of the Congressional Black Caucus with his résumé, Ivey landed an interview with one of its founders, Democratic Rep. John Conyers Jr. of Michigan. Instead of talking politics,…

Freshman Rep. Glenn Ivey returns to D.C. having worked for John Conyers, Paul Sarbanes and former Senate Minority Leader Tom Daschle.

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse

WASHINGTON — President Joe Biden’s call for legislation that would allow regulators to claw back executive bonuses and stock sale proceeds in the lead up to the Silicon Valley Bank collapse has found a receptive audience on Capitol Hill.