Cryptocurrencies, blockchain, NFT and new trends

Congress announces March 29 hearing into failures of SVB and Signature Bank


Representatives from the Federal Deposit Insurance Corporation and Federal Reserve will be testifying before the United States House Financial Services Commission in a newly announced hearing investigating the collapse of two major banks.

In a March 17 notice, Representatives Maxine Waters (NYSE:WAT) and Patrick McHenry — the ranking member and chair of the committee, respectively — said U.S. lawmakers would listen to testimony from federal financial regulators “in response to the failures of Silicon Valley Bank and Signature Bank (NASDAQ:SBNY)” in a March 29 hearing. FDIC chair Martin Gruenberg and Fed Vice Chair for Supervision Michael Barr are expected to appear before Congress.

Continue Reading on Coin Telegraph