Lawmakers push major banking reforms following near collapse of financial sector

Democrats are pushing to reform the deposit insurance system following massive bank failures that nearly tanked the economy earlier this year. After the collapse of Silicon Valley Bank (SVB), Signature Bank and First Republic Bank, whose uninsured deposits all ended up being insured by the Federal…#democrats #siliconvalleybank #signaturebank #firstrepublicbank #fdic #maxinewaters #democrat #northcarolina #senatebankinghousing #boardofgovernors
Source: Reuters: Health - Category: Consumer Health News Source Type: news