‘Justified anger’: Senators target executives, regulators in SVB collapse


2023 0316 finance 10 francis 1

Brown said the failure of SVB and Signature Bank earlier this month came down to “hubris, entitlement, greed.”

“Once again, small businesses and workers feared they would pay the price for other people’s bad decisions,” Brown said. “And we’re left with many questions—and justified anger—toward bank executives and boards, toward venture capitalists, toward federal and state bank regulators, and toward policymakers.”

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( With inputs from : )


TheNewsCaravan News Desk

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