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Hearings Conducted by Senate Addressing Recent Bank Failures

The three main U.S. bank regulators this Tuesday faced lawmakers demanding to know how three banks collapsed within days of each other. The bankruptcy of Silvergate, Silicon Valley and Signature banks led to fears of a new global financial crisis – especially after Swiss bank Credit Suisse had to be bailed out. The circumstances for each were slightly different, but there are similar questions about the management for these banks. The question is why the U.S. eased stringent regulations imposed by Congress on banks after the 2008 crash. Owen Fairclough reports. Watch CGTN LIVE on your computer, tablet or mobile Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEA

The Economic Consequences of U.S. Bank Failures

There are fears that more banks will fail after the collapse of Silicon Valley Bank, Silvergate and Signature Bank in the U.S. Analyst Aaron Mate discusses the impact on the economy. #heat Watch CGTN LIVE on your computer, tablet or mobile Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing What's the Economic Impact of U.S. Bank Failures? The United States has witnessed several bank failures throughout its history, some of which have had significant economic implications. But what exactly is the economic impact of these b