BANKING/REGULATIONS/TRUMP ADMIN: “Some critics have blamed the failure of SVB, and the subsequent collapse of cryptocurrency-focused Signature Bank and Silvergate Capital, on the Trump administration’s easing of rules aimed at ensuring financial institutions can withstand serious economic shocks.
Other economists have argued the regulations that existed would have done little to save SVB, which collapsed after panicked customers began withdrawing funds in response to the California-based lender suffering steep losses from the sale of US government bonds.”
-John Power, “Why Silicon Valley Bank’s collapse put the spotlight on Trump,” aljazeera.com, March 15, 2023