U.S. bank supervisors are increasing scrutiny of lenders' risk management practices and taking disciplinary action as they try to fix problems that could lead to more bank failures, banking industry sources said. The changes follow the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank earlier this year after depositor runs sparked, in part, by worries that high interest rates would hurt bank balance sheets.
US regulators clamp down in bid to prevent more bank failures kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Cost-of-living crisis means more Canadians are putting parenthood on pause cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.