Michael S. Barr: “At no point in time will we tolerate or accept any type of bias when these decisions are made.”

The bank did respond to regulator citations but those responses were insufficient.

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.

The failure of SVB illustrates the need to move forward with our work to improve the resilience of the banking system.

I believe that it should be the sense of Congress that the policy of the United States is to prevent from Iran from obtaining a nuclear weapon by all means necessary.