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The Independent UK

National

Stephen Groves

Former CEOs of failed banks to testify before Senate panel

Silicon Valley Bank Signature Bank FDIC Michael Barr Sherrod Brown US Federal Reserve

Copyright 2023 The Associated Press. All rights reserved.

The former top executives of two failed banks will testify before Congress this month as lawmakers dig into what caused a series of collapses at mid-sized financial institutions.

The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank’s former CEO, Gregory Becker, as well as Signature Bank’s former chairman and co-founder, Scott Shay, and its former president, Eric Howell.

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