Daines Grills Former SVB, Signature Bank Execs on Bank Failures at Senate Hearing
U.S. SENATE – U.S. Senator Steve Daines today at a Senate Banking Committee hearing grilled former executives from Silicon Valley Bank (SVB) and Signature Bank on their bank failures and the recent turmoil in the banking sector. Click HERE to watch and HERE to download. Senator Daines: I wouldn’t trade your guys’ places there this morning, I can tell you that. The failures of Silicon Valley Banks, Signature Bank and the general turmoil in the banking sector are the direct result of the failures of executives we have before us today. There’s also a failure of financial regulators. I served on an executive team of a financially sound company