US banking sector turmoil will remain in market focus – US Senate investigation

Aren’t you all so happy that the US Senate is investigating the banking failures?

If anyone can get to the bottom of the problems its these clowns, right?

Anyway, the turmoil will be kept in focus for weeks ahead:

U.S. Senate Banking Committee says:

• May 16 hearing,
  examining the failures of Silicon Valley Bank and Signature Bank
• May 16 witnesses
  include ex Silicon Valley Bank CEO, ex chairman of Signature Bank;
  and ex president of Signature Bank
• May 18 hearing on
  state of the banking and credit union industry
• May 18 hearing
  witnesses include: vice chair for supervision at Fed Barr, chairman
  of Federal Deposit Insurance Corporation
• May 18 hearing
  witnesses include: acting comptroller of office of the comptroller of
  the currency, superintendent,of New York state department of
  financial services
• Hearing witnesses
  include: commissioner of the California department of financial
  protection & innovation and chair of the national credit union
  administration