U.S. lawmakers have called with the Federal Reserve and the Federal Deposit Insurance Corporation to discuss the collapse of SVB Financial Group. ( ) reportFrom Coindesk, based on news sources.
The report states that US Democratic Representative Maxine Waters Held briefings with officials from both regulators and the Ministry of Finance. It happened a few hours after the collapse of the SVB.
The report comes after Silicon Valley Bank. collapse It was the biggest bank failure since the 2008 financial crisis and shook markets around the world. and affect billions of dollars owned by companies and investors.
“I am alarmed by the Silicon Valley Bank failure, which is the second-largest bank failure in US history,” Maxine Waters said in a statement. “I have been closely following and meeting with board members and regulators. To enable myself and my members to understand the latest information on Silicon Valley Bank (SVB) closures with the California Department of Financial Protection and Innovation (DFPI) and the Federal Deposit Insurance Corporation (FDIC) being appointed recipients. And I thank the DFPI and the FDIC for taking decisive action today. And I remain confident in the American financial markets. and the ability of our regulators to protect consumers and investors.”
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