Federal Reserve Says It Dropped The Ball In Silicon Valley Bank Failure
The Federal Reserve’s banking supervisors failed to take adequate action to solve California tech lender Silicon Valley Bank’s (SVB) severe issues preceding its collapse in March, according to a report by the central bank released on Friday. The Fed did not completely comprehend the scope of SVB’s susceptibility as it expanded “in size and complexity,” [...]
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### Instruction: Federal Reserve Says It Dropped The Ball In Silicon Valley Bank Failure

### Response: The Federal Reserve’s banking supervisors failed to take adequate action to solve California tech lender Silicon Valley Bank’s (SVB) severe issues preceding its collapse in March, according to a report by the central bank released on Friday. The Fed did not completely comprehend the scope of SVB’s susceptibility as it expanded “in size and complexity,” [...]