Senate Committee Expected To Grill Bank Executives Wednesday

Senators will hear from bank executives as regulators mull new rules in reaction to the failure of three banks earlier this year.

AP/ Benjamin Fanjoy
Silicon Valley Bank's headquarters at Santa Clara, California on March 13, 2023. AP/ Benjamin Fanjoy

Wednesday, the Senate Banking Committee will hear from chief executives from eight of America’s largest banks in what is expected to be a combative hearing over whether or not stricter regulation is necessary to prevent failures similar to those of Signature Bank and Silicon Valley Bank earlier this year.

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