Top federal banking regulators will testify before a House panel this month in the first of several highly anticipated hearings on the Silicon Valley Bank and Signature Bank collapses.
amid resistance from lawmakers in both parties, hearings and probes will comprise a key piece of the congressional response to the bank failures.The hearing is scheduled for March 29, the House Financial Services Committee announced Friday. It will include testimony from banking regulators who were at the center of the federal response to the bank failures.
Federal Deposit Insurance Corp. Chairman Martin Gruenberg and Federal Reserve Vice Chair Michael Barr are both slated to appear, with the panel saying additional witnesses could be added.Reps. Patrick McHenry and Maxine Waters , the chair and ranking member of the committee, said in a statement the hearing will "allow us to begin to understand why and how these banks failed."
"We are working around the clock to deliver answers to the American people in order to protect depositors, promote the safety and soundness of America’s banks, and strengthen our financial system," they said.The Senate Finance Committee got the first opportunity to seek answers on the bank failures and the federal response in aPresident Biden has
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Silicon Valley Bank’s parent company files for bankruptcy protectionSVB Securities and SVB Capital were not included in the filing by SVB Financial Group.
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Exclusive: U.S. regulator eyes Friday bids for SVB, Signature Bank-sourcesRegulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday.
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Exclusive: U.S. regulator eyes Friday bids for SVB, Signature BankRegulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday.
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Crypto acted as safe haven amid SVB and Signature bank run: Cathie WoodCathie Wood lashed back at regulators for using crypto as a scapegoat amid SVB and Signature bank run while reminding everyone that crypto acted as safe haven during the ongoing crisis.
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US CFTC to give pass over certain swap reporting failures tied to SVB, Signature Bank contractsThe U.S. Commodity Futures Trading Commission on Wednesday said it would give a pass to firms that cannot meet certain swap reporting requirements following the recent failures of Silicon Valley Bank and Signature Bank .
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Cathie Wood blames Fed for driving SVB, Signature Bank collapseCathie Wood blames the Fed for driving SVB and Signature Bank to collapse
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