The Fed Was Too Late on SVB Even Though It Saw Problem After Problem
The Federal Reserve has promised to investigate how it supervised SVB Financial Group’s Silicon Valley Bank, now the second-biggest failure of a US lender in history.
(Bloomberg) -- Just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. They started calling out problem after problem.Continue Reading. Read more on Business News by BloombergQuint.