Lawmakers hold hearings on bank failures to restore confidence in U.S. banking sector.
TL;DR
The collapse of Silicon Valley Bank (SVB) has brought attention to the risks of the "age of easy money" and the need for tighter regulation. The House Financial Services Committee will hold a hearing on the matter, with experts calling for increased scrutiny of banks and the potential for more failures. Former Fed official, Kevin Warsh, argues that the Fed should continue to raise interest rates to prevent future financial crises.
- First came bank failures. Now comes the House hearing CNN
- Rep. Maxine Waters: 'Your government did something good' in helping failed banks MSNBC
- Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector CNBC
- Dem Rep. Sherman: FDIC Insurance Used to Backstop SVB Depositors Is ‘Not Free’ and ‘Cost Is Passed on to the Depositor’ Breitbart
- Lawmakers tell ex-CEOs 'you must answer' for bank failures Yahoo News
Want the full story? Read the original reporting
Read on CNN