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27.03 - 16:59
Top Bank Regulators to Face Senate Questions Over SVB, Signature Collapses
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wsj.comThree top U.S. officials are likely to face pointed questions from lawmakers Tuesday about their oversight of Silicon Valley Bank and Signature Bank, as well as their response when the banks collapsed.
The hearing is the first step on Capitol Hill in what could be a monthslong process probing how the two banks quickly failed and whether stricter supervision by financial regulators could have prevented their demise.
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