Bloomberg Tax
March 17, 2023, 10:22 PM

House Panel Schedules First Hearing on SVB, Signature Failures

Billy House
Billy House
Bloomberg News

A key congressional committee has scheduled its first hearing with federal regulators on the failures of Silicon Valley Bank and Signature Bank, the panel’s leaders said Friday night.

House Financial Services Chairman Patrick McHenry, a North Carolina Republican, and Maxine Waters of California, the committee’s top Democrat, said in a joint announcement that they were “committed to getting to the bottom of the failures,” and that the hearing on March 29 would be the first of many.

The witnesses will include Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation, and Michael Barr, the US ...

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