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Posts tagged as “Silicon Valley Bank and Signature Bank of New York”

Rep. Patrick McHenry Calls for Investigation into Closures of Silicon Valley Bank and Signature Bank of New York, Urges All Options to be on the Table to Prevent Further Crisis in Banking Sector

By News Masher on March 19, 2023
Rep. Patrick McHenry Calls for Investigation into Closures of Silicon Valley Bank and Signature Bank of New York, Urges All Options to be on the Table to Prevent Further Crisis in Banking SectorImage courtesy of assets1.cbsnewsstatic.com

Key takeaways: Congress must investigate the circumstances that led to the closures of Silicon Valley Bank and Signature Bank of New York. Allowing a large, too-big-to-fail institution to buy a smaller, troubled one should be considered as a possible solution to prevent further crisis in the banking sector. The $30 billion cash infusion to First Republic is a sign of…

Continue readingRep. Patrick McHenry Calls for Investigation into Closures of Silicon Valley Bank and Signature Bank of New York, Urges All Options to be on the Table to Prevent Further Crisis in Banking Sector