Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), has initiated his resignation following the release of a negative report detailing pervasive sexual misconduct and a "patriarchal" culture at the organisation.

Top US banking regulator resigns amid reports over toxic workplace culture

The Federal Reserve failed to “take forceful enough action” before the collapse of the Silicon Valley Bank last month, said the United States central bank, on Friday (April 28).

Federal Reserve admits fault, blames Silicon Valley Bank executives for collapse, calls for stricter rules

Why did US banks collapse? The Federal Reserve began raising interest rates rapidly to combat inflation in the USA, and banks’ portfolio started to lose significant value owing to the largest investments they had made.

Explained | The current banking crisis in the US and Europe

US president Joe Biden on Thursday urged banking regulators to reinstate tough rules on mid-sized banks in the United States. The rules, as per AFP, were weakened under his predecessor Donald Trump.

To prevent SVB-like failures, Biden calls for revival of banking regulations weakened under Trump

President Joe Biden on Monday reassured Americans that their banking system is secure in the wake of the collapse of SVB and said he wants tougher regulations to prevent future crises.

U.S. banking safe, taxpayers won't be burden: Joe Biden

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Top US banking regulator resigns amid reports over toxic workplace culture

Federal Reserve admits fault, blames Silicon Valley Bank executives for collapse, calls for stricter rules

Explained | The current banking crisis in the US and Europe

To prevent SVB-like failures, Biden calls for revival of banking regulations weakened under Trump

U.S. banking safe, taxpayers won't be burden: Joe Biden