US Senator Warren criticizes Fed, calls for probe into SVB failure ...Middle East

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US Senator Warren criticizes Fed, calls for probe into SVB failure
source : Devdiscourse ( Middle East ) () 52
U.S. Senator Elizabeth Warren on Sunday called for an independent probe into the recent failures of Silicon Valley Bank and Signature Bank and took specific aim at the head of the Federal Reserve Bank of San Francisco responsible for oversight of SVB. Democrat Warren, who is pushing for tighter banking regulations, sent a letter to the inspectors general of the U.S. Treasury Department, the Federal Deposit Insurance Corp (FDIC) and the Federal Reserve on Sunday, urging regulators to examine the recent management and oversight of the banks which collapsed earlier this month.

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