March 11 (Reuters) - U.S. lawmakers met with the Federal
Reserve and Federal Deposit Insurance Corporation on Friday to
discuss the collapse of SVB Financial Group , Coindesk
reported on Saturday citing a source.
Democratic U.S. Representative Maxine Waters held briefings
with officials from the two regulators and the Treasury
Department, hours after the startup-focused SVB's collapse, the
report said.
The report comes after SVB, which did business as Silicon
Valley Bank, collapsed on Friday in the largest bank failure
since the 2008 financial crisis, roiling global markets and
stranding billions of dollars belonging to companies and
investors.
Separately, Representative Ro Khanna said in a tweet on
Friday that he reached out to both the White House and the
Treasury Department to discuss the situation with the bank.
U.S. Treasury Secretary Janet Yellen on Friday met with
banking regulators on the collapse of SVB, as she and the White
House expressed confidence in their abilities to respond to the
bank failure.
(Reporting by Anirudh Saligrama in Bengaluru
Editing by Mark Potter)
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