Fed autopsy on SVB details grave mismanagement

Fed autopsy on SVB details grave mismanagement

a year ago
Anonymous $QMjB47b2Hv

https://www.mercurynews.com/2023/04/28/fed-autopsy-on-svb-details-grave-mismanagement/

The Federal Reserve detailed serious management oversights by the executives of Silicon Valley Bank, which collapsed six weeks and sent financial markets reeling.

In a hotly anticipated report on Friday, the Fed, SVB’s primary regulator, revealed its findings after a review of what caused the bank to fail on March 10.