U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of SVB Financial Group , Coindesk reported on Saturday citing a source.
Democratic U.S. Representative Maxine Waters held briefings with officials from the two regulators and the Treasury Department, hours after the startup-focused SVB's collapse, the report said.
on Friday in the largest bank failure since the 2008 financial crisis, roiling global markets and stranding billions of dollars belonging to companies and investors.on Friday that he reached out to both the White House and the Treasury Department to discuss the situation with the bank.with banking regulators on the collapse of SVB, as she and the White House expressed confidence in their abilities to respond to the bank failure.
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