Lawmakers Seek Answers from Fed, FDIC on Silicon Valley Bank Collapse

Lawmakers in the US held a meeting with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the swift and stunning collapse of Silicon Valley Bank (SVB). Democratic US Representative Maxine Waters reportedly discussed with officials from the two federal bank regulators, as well as the Treasury Department, hours after SVB collapsed. Lawmakers from both the Democratic Party and the Republican Party were present at the meetings. ...