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Fed Takes Hits as Lawmakers Dig Into Bank Failures

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Fed Takes Hits as Lawmakers Dig Into Bank Failures

Also, how New York could upend the sovereign debt market; Gensler and Finra's Cook talk regulatory priorities for brokers; ex-PCAOB Chairman Duhnke's new gig

May 16, 2023
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Fed Takes Hits as Lawmakers Dig Into Bank Failures

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The banking crisis dominated both sides of the Capitol today, as regulators faced tough inquiries in the House and the now-fired executives at Silicon Valley and Signature banks took their lumps in the Senate. There wasn’t a ton of news out of the two hearings, but there were plenty of interesting moments. And a lot of finger-pointing, obfuscation and t…

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