Business News

Fed, FDIC officials to testify on recent bank failures before House committee March 29

Reuters
Reuters
FILE PHOTO: Illustration shows Silicon Valley Bank logo

WASHINGTON (Reuters) – The top regulatory officials for the Federal Reserve and Federal Deposit Insurance Corporation will testify before a House panel on March 29 to discuss the recent failures of Silicon Valley Bank and Signature Bank.

The House Financial Services Committee announced the hearing on Friday, and said future witnesses may be added. Fed Vice Chair for Supervision Michael Barr and FDIC Chairman Martin Gruenberg are scheduled to testify.

(Reporting by Pete Schroeder; Editing by Chris Reese)

Related News:   Lakewood-Based Kars4Kids Wins Trademark Lawsuit

tagreuters.com2023binary_LYNXMPEJ2G0UQ-BASEIMAGE


tagreuters.com2023binary_LYNXMPEJ2G0UU-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.