Progressives and bankers find common ground in SVB crisis - Insurance News | InsuranceNewsNet

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March 15, 2023 INN Insider News
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Progressives and bankers find common ground in SVB crisis

The Federal Reserve doesn't just set monetary policy. It's also the primary regulator for many banks — including the failed Silicon Valley Bank. Now, progressives and the banking industry — unlikely bedfellows to be sure — are blaming the Fed for that bank's epic collapse.Why it matters: Calls for tighter regulation typically follow any kind of big banking crisis, but details…

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