SVB collapse: Senate GOP gets second briefing on bank failure after being 'excluded' from first

South Africa News News

SVB collapse: Senate GOP gets second briefing on bank failure after being 'excluded' from first
South Africa Latest News,South Africa Headlines
  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 94%

Senate Republicans received an additional briefing on the Silicon Valley Bank collapse Monday after the Treasury Department neglected to invite or inform a number of GOP lawmakers and staff of a hastily scheduled Sunday session.

Treasury officials briefing lawmakers during the Sunday night session admitted on the call that their invitations did not get out to every lawmaker, an aide to Sen. Tim Scott told the Washington Examiner on Monday. Scott, who serves as the top Republican on the Senate Banking Committee, was one of the many GOP lawmakers who did not receive an invite. GOP Banking Committee staffers were also not told of the Sunday briefing.

Sen. Katie Britt , another Senate Banking Republican, lambasted the Biden administration in a statement to Fox News after the Sunday mishap, telling the network,"The public deserves full transparency and accountability without regards to partisanship, and it is unacceptable that this administration excluded Senate Republicans, including those on the Senate Banking Committee, from Sunday night’s bicameral member briefing.

The Scott aide said the Treasury Department agreed to another briefing at noon on Monday in an effort to reach those who were missed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

dcexaminer /  🏆 6. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan, PNC among suitors for SVB Financial in deal excluding SVB Bank - AxiosJPMorgan Chase & Co and PNC Financial Service Group Inc are among those in talks about acquiring SVB Financial Group in a deal that would exclude its commercial banking unit Silicon Valley Bank that is currently under U.S. control, Axios reported on Monday citing sources.
Read more »

SVB collapse: The Treasury must make whole SVB investorsSVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Read more »

SVB collapse: Republicans claim 'woke' policies led to tech bank's downfallSVB collapse: Republicans claim 'woke' policies led to tech bank's downfallA growing chorus of Republicans is placing fault for Silicon Valley Bank's collapse on 'woke' investments and policies at the company.
Read more »

House Republicans meeting Monday evening to plot response to Biden’s handling of SVB collapseHouse Republicans meeting Monday evening to plot response to Biden’s handling of SVB collapseThe briefing will be led by House Financial Services Chair Patrick McHenry and members of his committee, multiple sources confirmed to Fox News Digital
Read more »

GOP senators pushed to keep banking rules loose one week before SVB collapseGOP senators pushed to keep banking rules loose one week before SVB collapseJust days before the collapse of Silicon Valley Bank, 10 Republican senators wrote a letter calling for an increase in the buffer banks must hold in reserve to guard against losses, arguing banks had “weathered the real-life stress test” of the pandemic.
Read more »

Democrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter RulesDemocrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter RulesTrump’s spokesperson accused Democrats of trying to “gaslight the public to evade responsibility.”
Read more »



Render Time: 2025-03-01 08:06:45