BREAKING NEWS: Fed report on Silicon Valley Bank collapse blames mismanagement, weak government oversight
Seaport Securities founder Ted Weisberg and The Cow Guy Group founder Scott Shellady discuss if the fallout from the SVB collapse will be long-lasting and bigger than initially thought on The Claman Countdown.
The Federal Reserve released its assessment Friday of what led to Silicon Valley Bank's collapse, saying the lender's failure was due to a "textbook case of mismanagement" and calling for greater supervision by regulators.
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Fed faults Silicon Valley Bank execs, itself in bank failureSilicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.
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Fed faults Silicon Valley Bank execs and itself in bank failureThe report issued Friday takes a critical look at what the Fed missed as Silicon Valley Bank grew quickly in size in the years leading up to its collapse.
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Ted Cruz, Jim Jordan press San Francisco Fed on Silicon Valley Bank collapseSen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.
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