WASHINGTON — Bipartisan leaders of a Senate committee investigating the failures of Silicon Valley Bank and Signature Bank called Thursday for both institutions' former CEOs to testify about the collapses that have sparked fears about broader economic damage.
Ex-SVB CEO Gregory Becker and former Signature CEO Joseph DePaolo "must answer for" their banks' "downfall," wrote Sens.
Sherrod Brown, D-Ohio, and Tim Scott, R-S.C., in letters to the former executives.
Brown and Scott are the chairman and ranking member, respectively, of the Senate Banking, Housing and Urban Affairs Committee.
Brown and Scott urged the two former executives to answer the panel's questions "at a future date."