Fed staff should have known Silicon Valley Bank was vulnerable, new report finds
--------------------------------------------------------------------
Source: CNBC
Published: 2026-09-18 23:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Culture & Entertainment, Economy & Finance, Technology
--------------------------------------------------------------------
Snippet:
An outside review of the Federal Reserve's oversight of the failure of Silicon Valley Bank in 2023 has found the Fed's staff "knew, or should have known," that the bank was vulnerable prior to the crisis, Fed Vice Chair for Supervision Michelle Bowman said Friday.
--------------------------------------------------------------------