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Senate Banking Committee Chairman Brown Issues Statement at Hearing on Oversight of Financial Regulators
June 01, 2023
WASHINGTON, June 1 -- Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking, Housing and Urban Affairs Committee, issued the following statement at a hearing on May 18, 2023, entitled "Oversight of Financial Regulators: Financial Stability, Supervision, and Consumer Protection in the Wake of Recent Bank Failures":

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On Tuesday, we heard from the former executives of Silicon Valley Bank and Signature Bank.

Their obsession with stock prices . . .

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