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Congress holds hearings about bank collapse, response

Banking, Government Oversight
Tuesday, May 23, 2023
The banking oversight committees of both chambers of Congress held hearings to investigate and review the cause of the collapse and failure of four regional banks over the past two months, as well as the actions taken by regulators leading up to the collapses and in the aftermath. Both Democrats and Republicans had critical remarks for regulators, though with wildly different expectations. Read on for more details.

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