Collapsed US bank bosses under fire
The bosses of two of the failed American lenders at the centre of this year’s banking crisis have come under fire from US politicians for taking risks in the pu
Source: thetimes.co.uk
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Ex-Silicon Valley Bank CEO defends record, regulators vow tougher supervision
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
Source: rappler.com
Fetterman suggests work requirements for bailed-out bank execs
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.
Source: nypost.com
Bank executives blame panicked depositors for Silicon Valley, Signature failures
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.
Source: timesfreepress.com
Bank execs blame panicked depositors, but senators blame them
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing today, instead using their time to assign blame to events they said were largely out of their control.
Source: staradvertiser.com