US Fed points finger at Trump-era rollback for SVB demise

0
132
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger

April 28 (Reuters) – The Federal Reserve on Friday blamed the deregulatory zeal that occurred during the Trump era for contributing to the second-largest bank failure in U.S. history, appearing to take a clear stand on an acrimonious policy divide in Washington.

Reporting by Douglas Gillison, Hannah Lang, Chris Prentice and Lananh Nguyen; editing by Megan Davies and Leslie Adler
-Advertisement-