MarsBit news, according to CoinDesk, Martin Gruenberg, chairman of the US Federal Deposit Insurance Corporation (FDIC), said that the FDIC is investigating the behavior of Signature Bank and Silicon Valley Bank executives to hold them accountable for the bank's collapse. In his prepared testimony for a U.S. Senate hearing on Tuesday, he detailed Signature Bank 's mismanagement and concentration of high-risk businesses, particularly with regard to digital assets. In a written statement to the U.S. Senate Banking Committee, Gruenberg said executives at the two companies would face scrutiny for "the losses they have caused the bank and their misconduct in the management of the bank."
At the same time, Michael Barr, the vice chairman of the Federal Reserve for Supervision, also revealed that there are similar problems within Silicon Valley Bank. A hearing by the Senate Banking Committee will be held on Tuesday, followed by a hearing by the House Financial Services Committee on Wednesday.
