Michael Barr

The risk appetite remains very strong among investors, with all major U.S. stock indices pushing higher on Tuesday, following robust earnings reports. Banks have surprised analysts by beating estimates, driving the sector to recover all the ground lost after the Silicon Valley Bank collapse. The...

The stock market experienced a negative start to the week, with investors remaining fairly cautious ahead of Wednesday’s inflation report. Large tech stocks traded in the red, likely hit by weaker-than-expected inflation data in China overnight, with Amazon.com, Inc. (NASDAQ:AMZN) falling 2.3...

The Federal Reserve Board on Friday issued a review of Silicon Valley Bank's failure, led by Vice Chair for Supervision Michael Barr. The report found that Silicon Valley Bank's (SVB) senior leadership and board of directors failed to manage risks, and Federal Reserve supervisors did not...

President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 financial crisis. What To Know: According to a Washington Post report citing two people familiar with internal discussions, the Biden administration is...

President Joe Biden said on Tuesday the White House response to the banking crisis was “not over yet” and that his administration was considering legislative changes, although that could prove difficult in the split Congress. What Happened: "No, it's not over yet. We're watching it very...

Major Wall Street indices closed in the red led by a rise in yields that dragged stocks. Investors and traders also weighed in comments by Federal Reserve Vice Chair for Supervision Michael Barr on the banking crisis. What Happened: Barr cited the failure of Silicon Valley Bank as a "textbook case...

Regulators faced the U.S. Senate Banking Committee Tuesday morning in a hearing following the collapse of SVB Financial Group (NASDAQ: SIVB) and Signature Bank (NASDAQ: SBNY). What Happened: FDIC chair Martin Gruenberg, the Federal Reserve's Vice Chair for Supervision Michael...

The Federal Reserve is reportedly mulling tougher rules and oversight for midsize banks that are similar in size to the collapsed Silicon Valley Bank. A review of the bank’s failure being conducted by Fed Vice Chair for Supervision Michael Barr could pave the way for strengthened rules on...

Senator Elizabeth Warren (D-Mass.) believes regulators should not give in to lobbying pressure at a time when a banking crisis has resurfaced in the U.S. "Wall Street lobbyists and Republicans in Congress are pushing Federal Reserve Chair [Jerome] Powell for weak capital requirements at exactly the...

Michael Barr, the Federal Reserve's Vice Chairman for Supervision, said the central bank is taking action to protect the cryptocurrency sector, with the formation of a "specialized team of experts.” What Happened: Barr on Thursday highlighted the need for digital-assets...

Trading in the index futures points to a nervous start by Wall Street on Wednesday, reflecting the skittish mood of the market. Earnings could drive sentiment, given the lack of any first-tier economic event/data. Cues From Tuesday’s Trading: Fed Chair Jerome Powell turned out to be the...

Stocks look set for another nervous session on Tuesday as traders look ahead to comments from Fed Chair Jerome Powell and another batch of earnings reports. Cues From Monday’s Trading: The major U.S. averages ended Monday’s session lower, extending the losses from the previous session...

Stock futures indicate major Wall Street indices are expected to open lower this week that will see a crucial speech by Federal Reserve Chair Jerome Powell at the Economic Club of Washington on Tuesday. The speech will be watched carefully by market participants as it comes after Friday’s...

President Joe Biden has announced that he is going to nominate Michael Barr to be vice chair for supervision of the Federal Reserve after Sarah Bloom Raskin withdrew her nomination in March. "Michael brings the expertise and experience necessary for this important position at a critical time...

XRP cryptocurrency is trading 2.4% higher at $0.298 at press time early Thursday, outperforming Bitcoin (BTC), which has tanked 2% to $34,779.71. The surge comes following the Wall Street Journal’s report that President Joe Biden is expected to nominate former Treasury Department official...