The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.
LiveNOW's Andrew Craft spoke with Adam Kobeissi, editor-in-chief of thekobeissiletter.com, about JPMorgan Chase's takeover of First Republic bank.
But the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new proposals, Powell said. One reason regulators missed the threats to the three banks was "the natural human tendency to fight the last war," Powell said.
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