The Federal Bureau of Investigation (FBI) and the US Department of Justice should be involved in the bankruptcy investigation Bank of Silicon Valleyas proposed today by US Senator Chris Van Hollen.

“I think they are going to mix. I don’t think we should leave it completely up to the Federal Reserve,” he told Fox News today. Democratic van Holen.

As he himself said, regulators and legislators should discuss whether and how to guarantee deposits above $250,000. and added, “We’re not going to bail out any banks.”

Earlier today newspaper Wall Street Journal wrote that the US Senator Elizabeth Warrenwhich lobbies for tighter banking regulation, has called for an investigation into the bankruptcies of Silicon Valley Bank and Signature Bank.

Warren today sent a letter to the inspectors general of the Treasury Department, the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, urging regulators to review the governance and oversight of these banks before they collapse this month.

The senator says that the preliminary results of the investigation should be announced within 30 days, the newspaper adds.

“Bank leaders who took unnecessary risks or failed to deal with completely predictable threats should be held accountable for these failures. But this mismanagement was due to a series of oversights on the part of legislators and regulators,” Warren said in the letter, according to the newspaper.

Source: APE-MPE-Reuters