Page 43 - Greg Becker News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But it may become harder to reject more banking consolidation as the industry continues to reel from interest rate hikes and deposit runs.

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 arguments got little traction with senators on both sides of the aisle. Democrats and Republicans on the Senate Banking Committee criticized the executives for taking risky actions or missing obvious problems that directly led to the demise of their banks, while still accepting lucrative pay packages and bonuses, even in the days and wee...

Bostic Says Fed May Need to Lift Interest Rates More; SVB's Former Chief Executive to Testify Today By James Christie Good day. While a pause in the Federal Reserve's interest rate-raising campaign is in order to see how the U.S. economy contends w... | 07:16am

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

Greg Becker tells banking committee that takeover of SVB was ‘personally and professionally devastating’