The three main U.S. bank regulators this Tuesday faced lawmakers demanding to know how three banks collapsed within days of each other. The bankruptcy of Silvergate, Silicon Valley and Signature banks led to fears of a new global financial crisis – especially after Swiss bank Credit Suisse had to be bailed out. The circumstances for each were slightly different, but there are similar questions about the management for these banks. The question is why the U.S. eased stringent regulations imposed by Congress on banks after the 2008 crash. Owen Fairclough reports. Watch CGTN LIVE on your computer, tablet or mobile Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.... ( read more )
LEARN MORE ABOUT: Bank Failures
REVEA
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)