Bank execs blame panicked depositors for Silicon Valley, Signature failures, but senators blame them
A number of senators faulted the executives for failing to guard against the impact of rising interest rates.
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A number of senators faulted the executives for failing to guard against the impact of rising interest rates.
Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run
Apparently, journalism now means covering up government idiocy by pretending an official is actually coherent.
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.
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