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Senate Banking Committee announces hearing in Silicon Valley Bank collapse
Silicon Valley Bank ‘one of the safest places’ to park money: Henrique Dubugras
Brex co-CEO and founder Henrique Dubugras explains why he moved $200M in corporate funds to SVB after the collapse on ‘The Claman Countdown.’
The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing next week on the collapse of Silicon Valley Bank.
Senate Banking Committee Chairman Sherrod Brown on Tuesday announced the first of what are expected to be several hearings.
Silicon Valley Bank – the nation’s 16th-largest bank, failed on March 10 after depositors hurried to withdraw money amid anxiety over the bank’s health. It was followed by the demise of Signature Bank. They were the second- and third-largest U.S. bank failures in history.
YELLEN SAYS US WILL TAKE MORE ACTION TO PROTECT SMALLER BANKS IF NEEDED
Regulators said all depositors at both banks – including those holding uninsured funds, those exceeding $250,000 – would be protected by federal deposit insurance.