Banks in Turmoil: Speculation of Short-Selling Bans, SEC Probes Rekindles 2008 Memories
Also, a key Democratic senator discusses new lender rules; KMPG faces Senate PSI investigation over SVB, Signature and First Republic audits; House Republicans crank up ESG oversight
Pretty much everyone in Washington agrees that the current banking turmoil is not yet like 2008. Nevertheless a few issues seem to be cropping up that put an uncomfortable spotlight on the SEC – and serve as a reminder of the powers it used during the financial crisis to tamp down pressure on bank stocks.
For instance, calls are growing for the agency t…