John Heltman is the Washington Bureau Chief for American Banker. John previously edited American Banker Magazine and is the creator of American Banker's narrative podcast Bankshot. He was awarded the Grand Neal, the top honor bestowed by the Jesse H. Neal Awards, in 2019 for his narrative podcast series Nobody’s Home, which examines the economic and social impact of concentrated vacant housing. He was also named the 2019 McAllister Editorial Fellow at Medill School of Journalism at Northwestern University. He is a 2005 graduate of St. Mary’s College of Maryland and lives in Baltimore, Md.
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In prepared remarks to the American Bankers Association, Treasury Secretary Janet Yellen says the government's intervention to cover uninsured deposits at Silicon Valley and Signature banks "reduced the risk of further bank failures."
March 21 -
Depositors' trust in their banks — and banks' trust in their customers — is the cornerstone of finance. The demise of Silvergate, Silicon Valley and Signature has demonstrated how fragile that trust can be, and how difficult it will be for regulators and bankers to win it back.
March 14 -
The Supreme Court's insistence that Congress expressly authorize regulatory action on 'major questions' is destined to run afoul of the administration's efforts to set rules of the road for cryptocurrency.
March 7 -
The Federal Home Loan Bank of San Francisco confirmed Thursday night that Silvergate Bank has "fully repaid" the $4.3 billion it was lent in advances late last year. The bank had said in a regulatory filing that repaying the advances "could result in ... the bank being less than well-capitalized."
March 2 -
The lack of housing — particularly on the lower price range — is becoming an increasingly urgent political issue. But it's also a twisted bramble of tradeoffs that politicians are reluctant to touch.
February 28 -
The high court's inevitable decision on the constitutionality of the Consumer Financial Protection Bureau's funding structure will tell us a lot about how radical the court is willing to be.
February 21 -
The Federal Housing Finance Agency may have gotten more than it bargained for in its review of the Home Loan banks, but there is little doubt that the effort will result in significant structural change.
February 14 -
Revisions in 2020 to the way regulators classify "hot" deposits struck some observers as risky, at least in theory. Silvergate seems to have made that risk less theoretical.
February 7 -
Rising inventories and the specter of regulation may make it seem like the pandemic auto boom is over, but broader trends could make it a profitable business if banks do it right.
January 31 -
After months of forecasting and bracing for a recession in 2023, the economy seems increasingly durable. But it depends on what you're looking for.
January 24
