Aren’t you all so happy that the US Senate is investigating the banking failures?
If anyone can get to the bottom of the problems its these clowns, right?
Anyway, the turmoil will be kept in focus for weeks ahead:
U.S. Senate Banking Committee says:
- May 16 hearing,
examining the failures of Silicon Valley Bank and Signature Bank - May 16 witnesses
include ex Silicon Valley Bank CEO, ex chairman of Signature Bank;
and ex president of Signature Bank - May 18 hearing on
state of the banking and credit union industry - May 18 hearing
witnesses include: vice chair for supervision at Fed Barr, chairman
of Federal Deposit Insurance Corporation - May 18 hearing
witnesses include: acting comptroller of office of the comptroller of
the currency, superintendent,of New York state department of
financial services - Hearing witnesses
include: commissioner of the California department of financial
protection & innovation and chair of the national credit union
administration
This article was originally published by Forexlive.com. Read the original article here.