Three key bank regulators are testifying before Congress today in the first hearing about Silicon Valley Bank's collapse that sparked panic about the health of the financial system. Here's what to know.
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp., arrives to a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC on Tuesday, March 28, 2023. Photo: Samuel Corum/Bloomberg via Getty Imagesthat sparked panic about the health of the financial system.
: The officials — from the Federal Reserve, Federal Deposit Insurance Corporation and the Treasury Department — will appear as questions swirl about how the bank's troubles flew under the radar and whether tougher rules and oversight could have prevented the collapse.
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