Get all your news in one place.
100's of premium titles.
One app.
Start reading
WEKU
WEKU
Rachel Treisman

Lawmakers are split on how to respond to the recent bank failures

Sen. Tim Kaine, a Democrat from Virginia, speaks during a news conference following the weekly Democratic caucus luncheon at the Capitol on Wednesday. Kaine said the vice chair of the Federal Reserve is leading an analysis of what happened with SVB and Signature Bank, which he expected to be finished by May 1. (Bloomberg/Bloomberg via Getty Images)

Days after the failure of two regional banks shook the financial industry, senators on Capitol Hill say they want answers but disagree on what action to take and how quickly to act.

Many Americans are worried about potential ripple effects from the collapse of Silicon Valley Bank in California and New York's Signature Bank on the banking industry, technology and their own wallets.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.