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.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.