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Yahoo Finance's Jennifer Schonberger joins the Live show to discuss the risk of a credit crunch, the NY Fed's consumer expectations survey, and Fed official remarks on the state of the U.S. banking system.
New research suggests large parts of the country remain vulnerable to widespread bank failure in the event of a run on deposits.
San Francisco Federal Reserve President Mary Daly said the central bank will use all its tools to keep country's financial system “safe and sound,” but she did not offer any fresh details on Silicon Valley Bank in her first public remarks since its failure.
Vice Chair Travis Hill said changes made by the regulator may have hurt access to timely data.
Stricter banking regulations would not have prevented Silicon Valley Bank's sudden collapse last month, a top official at the Federal Deposit Insurance Corporation said on Wednesday, highlighting instead management failures behind its demise.
Detailed minutes of the U.S. Federal Reserve's meeting last month due out Wednesday may show just how close the central bank came to postponing further interest rate increases following the failure of two U.S. banks in the days leading up to the session.
The Federal Deposit Insurance Corp is expected to propose next month how to make the U.S. banking sector pay for an estimated $23 billion hole in its insurance fund by the collapse of Silicon Valley Bank and Signature Bank in March.
When Silicon Valley Bank's collapse was first unfolding, a belated disclosure colored some of the chaos: the bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing.
CFRA Research Equity Analyst Alexander Yokum joins Yahoo Finance Live to discuss consumer concerns over the availability of credit following the collapse of Silicon Valley Bank.
Consumer Financial Protection Bureau Director Rohit Chopra said Tuesday that financial regulators already have the legal authority to implement new rules on executive pay in the banking industry, which he believes could help prevent failures like that of Silicon Valley Bank seen last month.