Lawmakers slam regulators following Silicon Valley Bank failure

US lawmakers slam regulators for SVB oversight failures

US lawmakers accused regulators Tuesday of failing to do enough to prevent the collapse of Silicon Valley Bank earlier this month, despite knowing it was

Lawmakers grill US regulators over Silicon Valley Bank collapse

WASHINGTON  -A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank executives did a “terrible” job of managing risk before the lender collapsed, as lawmakers demanded to know why warning signs of trouble were missed. In the first congressional hearing into the sudden collapse of two U.S. regional lenders and the […] The post Lawmakers grill US regulators over Silicon Valley Bank collapse appeared first on Inquirer Business.

US regulator cites 'terrible' risk management for Silicon Valley Bank failure

By Pete Schroeder and Hannah Lang

US senators slam regulators for SVB oversight failures

US lawmakers accused regulators Tuesday of failing to do enough to prevent the collapse of Silicon Valley Bank earlier this month, despite knowing it was over-exposed to the risk of rising interest rates.

Lawmakers slam regulators following Silicon Valley Bank failure

Lawmakers raked banking regulators at the Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation (FDIC) over the coals during a hearing of the Senate Banking Committee on Tuesday after the agencies failed to act on signs that Silicon Valley Bank (SVB) was in trouble, mobilizing instead to bail out depositors after it had collapsed.…

Lawmakers grill US regulators over Silicon Valley Bank collapse

In the first congressional hearing into the sudden collapse of two U.S. regional lenders and the ensuing chaos in markets, the top banking regulator at the Federal Reserve criticized SVB for its risk modeling and lack of a chief risk officer.