Bowman Queried Over SVB Executives Probe by Sen. Warren

Sen. Elizabeth Warren presses Fed Vice Chair Michelle Bowman on the status of the Fed’s investigation into Silicon Valley Bank’s executives for violating federal banking laws and regulations three years after its collapse, according to a statement from the senator’s office.

• In a letter sent to Bowman, Warren and Rep. Maxine Waters say the Fed “has still not exercised its authorities to hold SVB executives accountable”
  • Lawmakers say the Fed “has the authority to impose civil money penalties for unsafe and unsound practices and other legal violations”
• The Federal Reserve has until March 24 to answer a set of ...