FDIC | The Capture Cascade Timeline

Silicon Valley Bank Collapses in $212 Billion Bank Run, Third-Largest U.S. Bank Failure Caused by Regulatory Rollback

2023-03-10 00:00:00 +0000 UTC | Importance: 9/10

California regulators close Silicon Valley Bank and appoint the FDIC as receiver after a catastrophic bank run, marking the third-largest bank failure in U.S. history and the largest since the 2008 financial crisis. SVB, the 16th largest U.S. bank with $212 billion in assets, collapses due to …

Silicon Valley Bank Greg Becker FDIC Federal Reserve California DFPI +2 more banking-collapse regulatory-capture deregulation dodd-frank systemic-risk +3 more

Community Reinvestment Act Passed to Combat Redlining, Banking Industry Resists

1977-10-12 00:00:00 +0000 UTC | Importance: 7/10

President Carter signs the Community Reinvestment Act (CRA), requiring banks to meet the credit needs of their entire communities, including low- and moderate-income neighborhoods previously redlined by lenders. The law responds to decades of documented discriminatory lending that drained deposits …

President Jimmy Carter Senator William Proxmire American Bankers Association Federal Reserve FDIC +1 more regulatory-response housing-policy banking-regulation civil-rights housing