Federal regulators were first called to answer questions about the bank collapses from the Senate Banking Committee and House Financial Services Committee in March, according to CNN Business.
"I think that anytime you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," the Fed's vice chair for supervision Michael Barr told the House Financial Services Committee.
Washington [US], Dec 07 (ANI): In a big win to Donald Trump, the Supreme Court on Friday granted the US President's emergency request to temporarily block a congressional subpoena for his financial records from Deutsche Bank.