Silicon Valley Bank under political scrutiny as Trump camp seeks grounds to replace Federal Reserve governors

格隆汇2026/07/23 00:51

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Glonghui July 23 — As U.S. President Donald Trump seeks to increase his influence over the Federal Reserve, an external review of the 2023 Silicon Valley Bank collapse is turning into a high-stakes political battle. According to sources familiar with the matter, some Trump administration officials and their allies have privately discussed whether this review report could provide legal grounds to remove Federal Reserve Governor Michael Barr from the board. Due to the sensitivity of the discussions, these sources wished to remain anonymous. When Silicon Valley Bank collapsed due to massive uninsured deposit concentration combined with poor interest rate risk management, Barr was serving as the Federal Reserve’s Vice Chair for Supervision, the top role in the Fed’s banking regulatory system.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

华尔街见闻•2026/11/11 17:31