Bankers applaud as GOP senator dismisses calls for regulations after SVB collapse

Bankers cheer as GOP senator dismisses calls for regulations after SVB collapse

Republican Sen. Steve Daines of Montana garnered applause from a room full of bankers on Tuesday after he dismissed calls for tougher regulations following the collapse of Silicon Valley Bank and Signature Bank."There are a lot of talking heads out there who are saying that the solution is more regulation, and I strongly disagree," Daines said in remarks to the American Bankers Association's Washington Summit, an annual gathering of bank CEOs an…

Bankers applaud as GOP senator dismisses calls for regulations after SVB collapse

The American Bankers Association, whose PAC has donated to Sen. Steve Daines, cheered his defense of rollbacks

Bankers applaud as GOP senator dismisses calls for regulations after SVB collapse

Republican Sen. Steve Daines of Montana garnered applause from a room full of bankers on Tuesday after he dismissed calls for tougher regulations following the collapse of Silicon Valley Bank and Signature Bank."There are a lot of talking heads out there who are saying that the solution is more regu...

Senate Banking Committee Member Dismisses Calls for Regulations, Bankers Applaud

The American Bankers Association welcomed the Republican's defense of a 2018 law that weakened regulations.