Banking

China’s banking troubles not the same as Silicon Valley Bank: economist

China’s banking troubles not the same as Silicon Valley Bank: economist

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. – With hindsight, there were warning signs ahead of last week’s spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among banking experts, with some focusing on the weakness of US rules. (Photo by REBECCA NOBLE / AFP) (Photo by REBECCA NOBLE/AFP via Getty Images)

Rebecca Noble | Afp | Getty Images

BO’AO, China — China’s small banks have problems — but they don’t carry the same risks as those exposed by the collapse of Silicon Valley Bank, said Zhu Min, vice president of the China Center for International Economic Exchanges, a state-backed think tank.

Issues at a handful of smaller Chinese banks have emerged in the last few years.

Baoshang Bank went bankrupt, while some rural banks in Henan province

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April 2, 2023 by Economics

Treasury Secretary Janet Yellen to speak on banking crisis at SOM on Monday

Treasury Secretary Janet Yellen to speak on banking crisis at SOM on Monday

Yellen will discuss modern supply-side economics in the context of research at Yale’s Tobin Center for Economic Policy.


Yash Roy & Evan Gorelick

11:21 pm, Mar 30, 2023

Staff Reporters



Wikimedia Commons

Three weeks after the global financial community confronted the second largest bank run in American history, Treasury Secretary Janet Yellen GRD ’71 will speak at the School of Management on the Biden administration’s economic agenda. 

On Apr. 3, President Peter Salovey will host a discussion with Yellen on modern supply side economics at the School of Management at 2 p.m. Salovey and Yellen will discuss the federal government’s work to “increase labor supply, raise productivity, reduce inequality and environmental damage” in the context of the research of the Tobin Center which is sponsoring the event. 

 “By convening leaders such as Secretary Yellen and working collaboratively with faculty members across the university,” Salovey said, “the Tobin Center is helping

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April 1, 2023 by Economics

Senate Banking Committee faces intense 2024 politics in bank collapse hearings

Senate Banking Committee faces intense 2024 politics in bank collapse hearings

WASHINGTON — Bank failures have put a spotlight on the Senate Banking Committee as it eyes its first hearing into the jittery financial sector. The panel is packed with important players in the 2024 election, which could influence their approaches to an investigation into two of the largest bank collapses in U.S. history.

The roster includes numerous vulnerable red-state Democrats who are running for re-election, a group of progressive populists, an expected Republican presidential candidate and the GOP’s Senate campaign chief, setting up a politically tense environment that underscores the challenges of agreeing on a path forward.

It all comes at a time of rising populist sentiments in both parties as President Joe Biden and former President Donald Trump, the 2024 Republican primary front-runner, offer contrasting prognoses for the collapse of Silicon Valley Bank as they seek to rally voters.

Sen. Sherrod Brown, an Ohio Democrat and chairman of the

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March 28, 2023 by Politics

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