Federal Reserve officials were reportedly in discussions with Silicon Valley Bank (SVB) to use its discount window, right before its collapse earlier this month. The Fed’s top enforcer testified in front of Congress on March 29, as the elected representatives demanded answers for the California-based lender’s collapse. House lawmakers questioned the regulators’ competency and accused…
Fed Was in Talks With Silicon Valley Bank to Use Discount Window Before Collapse
LIVE NOW: Top Federal Banking Officials Testify to House on SVB and Signature Bank Failures
Federal Deposit Insurance Corporation Chairman of the Board of Directors Martin Gruenberg; Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr; and Under Secretary of the Treasury for Domestic Finance Nellie Liang testify at the U.S. House Financial Services Committee’s hearing on The Federal Regulators’ Response to Recent Bank Failures at 10:00 a.m. ET on…
Top Federal Banking Officials Testify to House on SVB and Signature Bank Failures
Federal Deposit Insurance Corporation Chairman of the Board of Directors Martin Gruenberg; Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr; and Under Secretary of the Treasury for Domestic Finance Nellie Liang testify at the U.S. House Financial Services Committee’s hearing on The Federal Regulators’ Response to Recent Bank Failures at 10:00 a.m. ET on…
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