Page 16 - Greg Becker News Today

Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday.

In our news wrap Tuesday, Russia fired a new missile barrage at Ukraine's capital overnight, airstrikes and explosions escalated in Sudan as the army defended bases from a paramilitary group, the European Union adopted rules to regulate products that fuel deforestation and U.S. bank executives were called to account for the salaries and bonuses they earned before their own institutions collapsed.

Former Silicon Valley Bank CEO Greg Becker tells US senators he was unaware of the lender’s troubles when he sold stock days before its collapse

Along with questions about how these banks failed, senators used the hearing to also address executive pay and whether senior executives in the U.S. are being rewarded more for short-term gains than for ensuring their companies’ long-term health.

Pennsylvania Democrat Sen. John Fetterman raised eyebrows with his choppy and sometimes borderline incoherent questioning at the Senate Banking Committee hearing on Tuesday.Fetterman was the last senator to dive into questioning during a hearing on the Silicon Valley Bank collapse that occurred earlier this year, and he appeared to struggle through his opening statement in

Sen. John Fetterman, Pennsylvania, floated the idea of work requirements for banking executives that receive taxpayer bailouts in remarks during a Senate Banking Committee hearing on Tuesday that some conservative commentators hammered as “painful” and incoherent.

The former Silicon Valley Bank executive who’s taken the brunt of criticism for the lender’s collapse is refusing to commit to giving up any of the $10…

Senators also sought to address whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies’ long-term health

Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks

Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday, instead using their time to assign blame to events they said were largely out of their control.