May 17, 2023
Executives of failed banks SVB and Signature testify at Senate Banking Committee
Becker, Shay, Howell blame historic bank runs, not mismanagement, for collapses; Brown says 'It sounds a lot like the dog ate my homework'
The Senate Banking Committee on May 16 held a hearing on "Examining the Failures of Silicon Valley Bank and Signature Bank." The witnesses were Gregory W. Becker, former CEO, Silicon Valley Bank; Scott A. Shay, former chairman and co-founder of Signature Bank; and Eric R. Howell, former president of Signature Bank.
Materials from the hearing are posted here.
Additional information is also available in the attached Tax Alert.
SVB and Signature executives testify at Senate Banking Committee