House lawmakers tear into top bank regulators in second hearing this week on SVB collapse
Publishing timestamp: 2023-03-29 18:40:07
Summary
House lawmakers are questioning the competency of top U.S. bank regulators and criticizing their handling of the collapse of Silicon Valley Bank and Signature Bank. The lack of transparency over the weekend when regulators hastily arranged backup financing to ensure depositors at the two banks wouldn't lose any money in their collapse is also criticized. Senators have introduced bipartisan legislation that would require federal regulators to claw back all or part of compensation earned by bank executives in the five-year period preceding banking failure.
Sentiment: THE IS NEGATIVE AS HOUSE LAWMAKERS CRITICIZE TOP U.S. BANK REGULATORS FOR THEIR HANDLING OF THE COLLAPSE OF SILICON VALLEY BANK AND SIGNATURE BANK
Keywords: breaking news: politics, politics, business news, congress, economy, markets, united states, signature bank, svb financial group, banks, white house,