By South SFV Today Report |
May 9, 2023
On Wednesday, May 10, 2023, the Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing titled “Federal Response to Recent Bank Failures” that examined events leading up to and surrounding the closure of Silicon Valley Bank (SVB), Santa Clara, CA, Signature Bank (Signature Bank), New York, NY; First Republic Bank, San Francisco, CA; and First Republic Bank, San Francisco, CA by state and federal banking regulators.