Photo: Greg Becker, former CEO, Silicon Valley Bank Greg Becker, former CEO, Silicon Valley Bank

Key U.S. senators blamed former senior managers at Silicon Valley Bank (SVB) and Signature Bank for the lenders’ spectacular collapse in March, a bi-partisan rebuke of executives already facing intense scrutiny in Washington.

Sherrod Brown, a Democrat who leads the Senate Banking Committee, and Tim Scott, the top Republican on the panel, kicked off an oversight hearing on Tuesday united in their criticism. Greg Becker, ex-CEO of Silicon Valley Bank, and Scott Shay, who served as chairman of Signature Bank, were among those testifying.

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