The House Oversight and Accountability Committee has subpoenaed several more banks for records on the Biden family’s business dealings, following Bank of America records that revealed suspicious payouts months after President Biden left the vice presidency.
Bank stocks fell Monday on worries about what may be next to topple following the second- and third-largest bank failures in U.S. history. But much of the rest of the market rose on hopes the bloodletting will force the Federal Reserve to take it easier on its economy-rattling hikes to interest rates.
World leaders are anxiously monitoring the global ramifications of Friday’s sudden collapse of startup lender Silicon Valley Bank Financial Group (SVB), the largest bank to fail since the 2008 financial crisis.