You are currently viewing Congress announces March 29 hearing into failures of SVB and Signature Bank

News said U.S. lawmakers would listen to testimony from federal financial regulators “in response to the failures of Silicon Valley Bank and Signature Bank” in a March 29 hearing. FDIC chair Martin Gruenberg and Fed Vice Chair for Supervision Michael Barr are expected to appear before Congress.

“The House Financial Services Committee is committed to getting to the bottom of the failures of Silicon Valley Bank and Signature Bank,” said Waters and McHenry. “This hearing will allow us to begin to understand why and how these banks failed.”

#NEW: Chairman @PatrickMcHenry and Ranking Member @RepMaxineWaters announce a bipartisan hearing with federal financial regulators in response to the failures of #SVB and Signature Bank to be held on March 29, 2023.

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— Financial Services GOP (@FinancialCmte) March 17, 2023

On March 10, Silicon Valley Bank shuttered following a bank run among major depositors, but the government stepped

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