Bank collapse: US Senate questions SVB and Signature Bank bosses

The former leaders of Silicon Valley Bank and Signature Bank have faced tough questions in a hearing before the United States Senate Banking Committee.
The executives were grilled over their roles in driving the banks to failure in March, launching a financial crisis.

Al Jazeera's Heidi Zhou-Castro has more from Washington, DC, the US.

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[HafezBd]

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007–2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

[raginaldmars]

... as a German Biologist -
This is
ALL about

Too muchhhh $$$
Is neverr$$$$
Enough$$$
The Taxx Payyer
Pays all
Raise Taxxes
For the GREEEDY$$$

[Trivdgun-]

I wish they would stop verbally berating them and put them in handcuffs and escort them to general population.

[Marryatau]

I did it everything and I am all mighty.

[s.m.]

INTELLIGENCE SHEIKS AND EMIRS:

The day you will hear about Oil in Ukraine and Taiwan, you will not think about the oil, you will think about the ‘lies’ from China and Russia, about our intentions in Afghanistan etc.
We went there to fight terrorism, we left there ‘to take oil with us’

We have never illegally annexed Oil Sources, never, why else are sheiks and emirs so rich? If we would have stolen it?

20 years, after 20 years we left Afghanistan. Not in 20 years, we will give up Ukraine and Taiwan.

So I do not live on a large explosive sand hill, there are not tons of explosive oil products stored beneath my feet.
Which side are you on?

[kenfu]

everyone is going broke right now in the usa

[erinbyrnes]

To be fair. Wouldn't a "run on the bank" destroy any bank?

[rebeccarpwebb]

Stop working and shopping for three days
We want our Fredom bk

[AanayMaru]

I dont like these banks I want one big bank please. An Earth Currency if you will.