U.S. Rep. Patrick McHenry, R-10th District, discusses his role as chairman of the House Financial Services Committee in looking into recent bank failures. The committee meets again March 29.
McHenry plays key role as Congress looks into recent bank failures
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Raleigh-based First Citizens agrees to buy failed SVB
Raleigh-based First Citizens has agreed to buy the failed SVB (Silicon Valley Bank). The FDIC issued a statement late Sunday that they agreed on the sale of all deposits and loans of the troubled bank.
NC’s First Citizens in the running to purchase SVB
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
NC Pension Plan has “small exposures” in collapse of CA banks
North Carolina’s state pension system was a victim of the recent collapse of two large Silicon Valley, California banks, with the loss of millions in stock at both banks.
McHenry rejects ‘wokeness’ allegations in Financial Services Committee agenda
"North Carolinians made it clear last November when they helped elect a Republican House majority that woke mandates and progressive posturing was not their priority. That’s why, one of my first acts as Chairman was to eliminate that Subcommittee and put in its place a Subcommittee on Digital Assets,” said Rep. Patrick McHenry, R-NC10.