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The Latest Breaking News from Elizabeth Warren

Warren calls for investigation into the Fed amid banking turmoil

"The fed doesn't just get to do its own investigation," Warren said.

Axios

Bank failures: Anger in Congress, but division on what to do

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks

The Independent UK

The collapse of major US banks leads to bills calling for more regulation

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

The Conversation

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Biden urges ‘accountability’ for executives of failed banks

US president calls on Congress to impose tougher penalties on senior officials of banks that fail due to mismanagement.

Al Jazeera

New Regulations Won't Stop the Next Bank Collapse

Plus: Another campus free speech debacle, foreign cheese groups lose Gruyere trademark case, and more...

Reason

SVB, First Republic CEOs involved in lobbying pre-banking crisis

In late January, First Republic Bank's CEO wrote to U.S. regulators saying his bank did not pose signficant risk to the U.S.'s financial stability.

Fortune

Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle

Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed.

Chicago Tribune

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Experts, banks look for ideas to stop next bank failure

The warning signs were all there

The Independent UK

Elizabeth Warren says Republicans handed Fed chairman ‘flamethrower that he aimed at the banking rules’

The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations

The Independent UK

Lawmakers are split on how to respond to the recent bank failures

Days after the failure of two regional banks shook the financial industry, lawmakers say they want answers but disagree on what role Congress should play right now.

WEKU

U.S. Sen. Bernie Sanders endorses Johnson in April 4 mayoral runoff

Paul Vallas touted endorsements from the Chicago Fire Fighters Union Local 2, former Illinois Senate President Emil Jones Jr. and five City Council members.

Chicago Sun-Times

Elizabeth Warren slams Powell for weak regulation, oversight of SVB

Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.

Tribune News Service

Top GOPer: No need for tougher bank rule

Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse

Salon

Robin Abcarian: Reports of a rift between Kamala Harris and Elizabeth Warren play into Republican hands

There are so many ways to delegitimize a woman in politics: Attack her for the sound of her laughter, for shedding a tear on the campaign trail, for her choice of clothing, for being cranky with her staff or eating her salad with a comb.

Los Angeles Times

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Tribune News Service

Rep. Katie Porter comes to Northern California for Senate campaign: ‘I see Sacramento as distinct’

SACRAMENTO, Calif. — Southern California Senate hopeful Rep. Katie Porter, D-Irvine, made her first Sacramento-area campaign stop Wednesday at UC Davis — what she called “a little slice of heaven” — in an hour-long meet-and-greet with the Davis College Democrats.

Salon

Warren bill: Repeal "Trump's bank law"

Notably absent from the list of co-sponsors were Dems who helped Republicans usher the bill through Congress

Tribune News Service

Feds approve major railroad merger despite growing concerns over rail safety

Federal regulators have approved the $31 billion merger of Kansas City Southern railroad with Canadian Pacific.

Roll Call

Lawmakers from both parties skeptical of legislation over SVB - Roll Call

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

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The Independent UK

How the last banking tumult fuels today's populist politics

Mike Pence and Bernie Sanders are hardly political allies

Fortune

Elizabeth Warren is among the furious politicians demanding SVB execs return their salaries, bonuses, and $84 million in stock sale profits

Sen. Elizabeth Warren says SVB execs should give back their salaries for “facilitating a near-economic disaster.”

Salon

Barney Frank got paid by Signature Bank

Rep. Barney Frank pushed to water down Dodd-Frank law after getting $1 million from bank that collapsed

Salon

"Woke" billionaires, same as old ones

Ignore GOP hype about the "liberal" tech industry — reckless, entitled libertarianism is what fuels Silicon Valley

Axios

Political blame game erupts over SVB failure

Each side is seizing on the themes already animating their economic message heading into 2024.

Fortune

Elizabeth Warren knows exactly why Silicon Valley Bank failed—and who should pay

SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.

Reason

How the Fed Broke Silicon Valley Bank

The Fed's anti-inflation measures had to hurt someone.

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