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Bank CEOs face Congress

WATCH: Executives from failed banks face Senate questions on risk managementAlong with questions about how these banks failed, senators used the hearing to also address executive pay and whether senior executives in the U.S. are being rewarded more for short-term gains than for ensuring their companies’ long-term health.

Former Silicon Valley Bank CEO says no bank could have survived what it facedGregory Becker plans to tell Congress on Tuesday that no lender could have survived Silicon Valley Bank's unprecedented deposit flight, which led to its closure by federal regulators and raised questions about the health of the U.S. financial system.

Former Silicon Valley Bank CEO: 'I am truly sorry' | CNN BusinessThe former chief executive of Silicon Valley Bank plans to apologize before a Senate committee Tuesday, writing in prepared testimony that he believes no bank could have survived the run that gutted SVB in early March.

Biden Asks Congress to Go After Failed Bank Executives Who Cashed Out The president said Congress should give the FDIC more power to take back gains from stock sales and compensation for executives at failed banks taken over by regulators.

Senate Banking Committee faces intense 2024 politics in bank collapse hearingsThe roster includes red-state Democrats like Chairman Sherrod Brown, who is eyeing re-election, as well as enigmatic Arizona independent Kyrsten Sinema and the GOP Senate campaign chief.

At Hearing, Warren Blasts Former SVB and Signature Bank CEOs for Keeping Millions After Recklessly Crashing Banks | U.S. Senator Elizabeth Warren of MassachusettsThe Official U.S. Senate website of Senator Elizabeth Warren of Massachusetts

Remarks by Chairman Martin J. Gruenberg on Recent Bank Failures and the Federal Regulatory Response before the Committee on Banking, Housing, and Urban Affairs, United States SenateRemarks by Chairman Martin J. Gruenberg on Recent Bank Failures and the Federal Regulatory Response before the Committee on Banking, Housing, and Urban Affairs, United States Senate

Many were grilled by Congress in 2022 before the Bank Collapse of 2023

Banking C.E.O.s Face a Grilling on Capitol HillThe chief executives of JPMorgan Chase, Bank of America and Citigroup are among the Wall Street leaders set to testify in Washington.

Bank CEOs to Go Before Congress, With Economy and High Inflation in FocusJPMorgan’s Jamie Dimon, Citigroup’s Jane Fraser and others face two days of congressional hearings starting Wednesday.

Watch JPMorgan Chase CEO Jamie Dimon and six other bank leaders get grilled by CongressCEOs of the biggest U.S. retail banks are set to testify before both chambers of Congress this week.

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