Sen. Bernie Sanders blames the failure of Silicon Valley Bank on Trump's 'absurd' deregulation bill

Sen. Bernie Sanders said the failure of Silicon Valley Bank is a direct result of an absurd bank deregulation bill signed by Donald Trump that I strongly opposed.

Sanders's complaint centered on the so-called stress test that banking regulators have been conducting since the 2008 financial crisis on banks deemed too big to fail.

But Sanders was also dishonest about the underlying facts and showed that he didn't grasp the technical details of "duration risk".

SVB incurred a material loss of $152.36 ($863.05 - $710.68) for every $1,000 in bonds.

U.S. financial institutions have $620 billion in unrealized mark-to-market losses.

Russia has committed wide-ranging war crimes in Ukraine, an UN-mandated investigative body says.

Clandestine document reveals Russia's secret plans to destabilize Moldova over a 10-year period.

A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan, bringing commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.

Iran reportedly agreed to cease covert weapons shipments to the Houthi militia in Yemen.

Iran’s approach to the conflict will be a “litmus test” for the success of the Beijing-brokered detente.