Banking Regulators to Face Congress Over SVB, Signature Bank Collapse

Congress volition clasp its archetypal bipartisan proceeding with apical national fiscal regulators into the nonaccomplishment of Silicon Valley Bank (SVB) and Signature Bank astatine the extremity of the month, the House Financial Services Committee announced Friday. Martin Gruenberg, president of banking regulator the Federal Deposit Insurance Corporation (FDIC), and Michael Barr, vice seat for supervision of the Federal Reserve, person been summoned to testify, with the archetypa...