Posted inBarr, Michael S Federal Deposit Insurance Corp Federal Reserve System Gruenberg, Martin J Liang, Nellie Regulation and Deregulation of Industry Senate Signature Bank Silicon Valley Bank Treasury Department
SVB Hearing Takeaways: Bank Failures Spur a Blame Game, But Few Solutions
Senators sharply questioned federal regulators about shortcomings in oversight after two bank failures rattled the financial system. Regulators put the blame on the banks’ management.