A top Democrat has accused US regulators of allowing Silicon Valley Bank and Signature Bank to “grow too big, too fast”, drawing parallels between the lenders’ collapse and the 2008 financial crisis in a congressional hearing on Tuesday.
Sherrod Brown, the Democrat who chairs the powerful Senate banking committee, said: “We’re left with many questions — and a lot of justified anger — towards bank executives and boards, venture capitalists, federal and state bank…
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