Published 1 year ago

Lawmakers slam regulators following Silicon Valley Bank failure

Summary by The Hill

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.

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Times of India

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.

1 year ago·India

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The Guardian

US senators grill banking regulators in first Silicon Valley Bank hearing

Lawmakers aim to determine how Silicon Valley Bank and Signature Bank failed, sparking fears of financial crisis

1 year ago·London, United Kingdom

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Reuters

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

A top U.S. regulator told a Senate panel on Tuesday that Silicon Valley Bank did a "terrible" job of managing risk before its collapse, fending off criticism from lawmakers who blamed bank watchdogs for missing warning signs.

1 year ago·United Kingdom

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The Hill

Lawmakers slam regulators following Silicon Valley Bank failure

1 year ago·Washington, United States

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Inquirer

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.

1 year ago·Manila, Philippines

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Al Arabiya

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

1 year ago·Saudi Arabia

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