U.S. Capitol building U.S. Capitol building. (Source: Shutterstock)

Thursday’s hearing to discuss the failures of Silicon Valley Bank and Signature Bank resulted in officials from the three federal banking organizations promising to strengthen regulatory and supervisory efforts once full investigations of the failures are complete.

Officials from the FDIC, Federal Reserve and the U.S. Department of Treasury spent nearly three hours being questioned by members of the U.S. Senate Committee on Banking, Housing and Urban Affairs about the dramatic collapse of both banks earlier in March.

Michael Ogden

Editor-in-Chief for CU Times.

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