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U.S. SENATOR KATIE BRITT HIGHLIGHTS HOW FEDERAL REGULATORS FAILED TO OVERSEE SVB AND SIGNATURE BANK
May 19, 2023
WASHINGTON, May 19 -- Sen. Katie Britt, R-Alabama, issued the following news release on May 18, 2023:

U.S. Senator Katie Britt (R-Ala.) during today's hearing of the Senate Committee on Banking, Housing, and Urban Affairs highlighted how federal regulators failed to properly conduct oversight of Silicon Valley Bank (SVB) and Signature Bank before these financial institutions collapsed in March.

Postmortem reviews of SVB and Signature Bank found that both mismanagem . . .

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