Here Are the Key Takeaways From the Senate Hearing on Bank Failures

Michael Barr, vice chair for supervision at the US Federal Reserve, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing with Martin Gruenberg, chairman of theFederal Deposit Insurance Corp., left, and Nellie Liang, under secretary for domestic finance at the US Treasury, right, in Washington, DC, on March 28. — Michael Barr, vice chair for supervision at the US Federal Reserve, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing with Martin Gruenberg, chairman of theFederal Deposit Insurance Corp., left, and Nellie Liang, under secretary for domestic finance at the US Treasury, right, in Washington, DC, on March 28.
Photographer: Samuel Corum/Bloomberg

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By Christopher Condon and Steven T. Dennis

March 28, 2023 at 12:54 PM EDT

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Here are five key takeaways from the US Senate Banking Committee’s questioning of federal regulators on the recent banks failures:

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Before it’s here, it’s on the Bloomberg Terminal