Fed autopsy on SVB details grave mismanagement
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.
Fed autopsy on SVB details grave mismanagement
Apr 28, 2023, 3:16pm UTC
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.