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Today’s top stories: Bank regulator hearing, Starbucks CEO testimony, Apple Developers Conference

Yahoo Finance Live's Dave Briggs and Seana Smith look back a several of Wednesday's leading headlines.

Video transcript

SEANA SMITH: It's closing time here at Yahoo Finance. Let's recap some of the biggest stories of the day.

Banking regulators returning to Capitol Hill for a second day of questioning. Both Democrats and Republicans on the House Financial Services Committee seem to agree that regulators did not do enough to stop the collapse of Silicon Valley Bank, with Democratic congressman Juan Vargas saying that it seemed like SVB management, quote, "blew you guys off, and you didn't do anything." The fed's investigation into the collapse of SVB is set to be released by May 1.


DAVE BRIGGS: On the other side of the Capitol, former Starbucks CEO Howard Schultz squared off with Senator Bernie Sanders over the company's labor practices. Senator Sanders accusing the company of union busting, while Schultz, as you might expect, disagreed and insisted throughout the hearing that Starbucks unequivocally has not broken the law.

SEANA SMITH: And finally Apple announcing its big developers conference will be held June 5 through the 9th. Now, the keynote will be held on the 5th. Apple is expected to show off its latest operating systems with the speculation that the company could unveil its long-awaited virtual- and augmented-reality headset.