US bank collapse sparks fresh oversight fight in divided Congress

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By Hannah Lang, Chris Prentice and Pete Schroeder WASHINGTON (Reuters) -The weekend collapse of Silicon Valley Bank sparked a partisan battle in Washington on Monday, with Democrats arguing that a Trump-era change to bank oversight rules undermined the stability of regional banks, claims that Republicans rejected. Democratic President Joe Biden called on Congress and banking regulators to strengthen the rules for banks “to make it less likely this kind of bank failure will happen again,” while officials said customers at SVB and New York-based Signature Bank, which also collapsed, would have a…

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