Congressional committees are poised to start probing the collapse of Silicon Valley Bank and Signature Bank, offering a stage for what’s likely to be a partisan clash over the role of financial regulations — and the people charged with enforcing them — in the second-largest bank failure in US history.
The Senate Banking Committee will meet Tuesday, followed by the House Financial Services Committee on Wednesday. Each will hear from Martin J. Gruenberg, chair of the Federal Deposit Insurance Corp.; Michael Barr, vice chair for supervision at the Federal Reserve; and Nellie Liang, undersecretary for domestic finance at the Treasury Department.
