Senate Dems eye hearing on Silicon Valley Bank collapse, says Banking Committee chair

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Senate Dems eye hearing on Silicon Valley Bank collapse, says Banking Committee chair
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Sen. Sherrod Brown told reporters that his committee is still looking at potential witnesses for the expected hearing on the collapse of two banks this week.

. Since then, multiple investigations have been opened into the collapses. The spotlight is now on Brown’s committee to lead the Senate's response.

Sen. Tina Smith, a Democrat on the panel, told Fox News Digital,"potentially yes" when asked if she would want to hear from the bank CEOs at a future prospective committee hearing.A customer stands outside of a shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation.

"You know, I’m happy to hear from the CEOs," Vance said."I will say that I don’t think we’re going to learn a whole lot from talking to them. They clearly screwed up, I suspect they’re going to be in CYA-mode, knowing they’re going to face potentially even criminal liability over the next couple of years."

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