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Senate panel hears evidence over ‘no ordinary failures’ at SVB and Signature

Senators Tim Scott and Sherrod Brown at the Senate banking hearing
Senators Tim Scott and Sherrod Brown at the hearing. Photo: Win McNamee/Getty Images

Martin Cloake

3 min read
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Bank executives and regulators in the spotlight at Senate banking hearing.

The Senate Banking Committee met Tuesday to hear testimony from bank executives and regulators in the aftermath of the collapses of SVB and Signature Bank. The stated aim was to work out how to prevent the same thing happening again; the conversation focused on who was to blame.

Senator Sherrod

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