Published March 15, 2023

Sen. Cramer, on Collapse of Silicon Valley Bank, Signature Bank 

Written by
The Dakotan
| The Dakotan
U.S. Sen. Kevin Cramer, R-ND
U.S. Sen. Kevin Cramer, R-ND

MARCH 15, 2023 

WASHINGTON – U.S. Senator Kevin Cramer, R-ND, member of the Senate Banking Committee, issued the below statement on the collapse of Silicon Valley Bank and Signature Bank and subsequent reactions by the U.S. Department of the Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corporation: 

“The failures of Silicon Valley Bank and Signature Bank have led to needless stress in the banking system. This situation demands oversight to uncover the cause of recent events and the bureaucracy’s reaction to it. Instead of rushing to institute knee-jerk and excessive regulations, a level assessment of these developments is needed so the local financial institutions across North Dakota are not penalized for a problem they didn’t create.” 

Stay connected to the latest news
Subscription Form (#3)

About the Author

Trending Now
The Dakotan Newsletter
Subscribe to get the latest news delivered straight to your inbox
© AndMuse, LLC 2024 Login Email
LIVE: 2022 Minot Mayoral Forum
Click to Watch Live
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram