Former CEOs of failed banks to testify before Senate panel

WASHINGTON (AP) — The former top executives of two failed banks will testify before Congress this month as lawmakers dig into what caused a series of collapses at mid-sized financial institutions. 

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The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank’s (SVB) former CEO, Gregory Becker, as well as SBNY" target="_blank">Signature Bank’s (SBNY) former chairman and co-founder, Scott Shay, and its former president, Eric Howell.