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The former top executives of two failed banks will testify before Congress this month as lawmakers dig into what caused a series of collapses at mid-sized financial institutions. The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank’s former CEO, Gregory Becker,…
Silicon Valley Bank, one of the most prominent lenders to tech startups and VC firms, was the first to implode on March 10. Regulators seized CVB, and later, Signature Bank, a New York financial institution with a large real estate lending business.
First Republic’s downfall was just the latest in a series of problems affecting midsize banks.
On this "Face the Nation" broadcast, Republican Reps. Nancy Mace and Tony Gonzales and Democratic Rep. Ro Khanna join Margaret Brennan.
On this "Face the Nation" broadcast, Republican Reps. Nancy Mace and Tony Gonzales and Democratic Rep. Ro Khanna join Margaret Brennan.