Silicon Valley Bank's HQ in Santa Clara, CaliforniaGetty Images Silicon Valley Bank was a "textbook case of mismanagement," a top Fed official has said. The collapsed bank grew quickly, and failed to manage interest rate and liquidity risks, Michael Barr said. SVB's failure could call for a tightening of banking rules to prevent similar incidents, he added.

BING NEWS:
  • Bank deposits are back above pre-SVB levels. Regional lenders still have problems.
    Banks have now regained all deposits they lost following the collapse of Silicon Valley Bank. But that doesn't solve many of the problems still faced by regional lenders. The amount of deposits ...
    04/4/2024 - 5:00 pm | View Link
  • Regulator Shutdown Of Signature, SVB And Silvergate Banks Raises Questions About Neutrality
    Silvergate Bank, one of the most important banks serving the cryptocurrency industry, voluntarily ceased operations and is liquidating its assets after a barrage of regulatory scrutiny from the ...
    03/17/2023 - 12:31 am | View Link
  • SVB CEO Quietly and Swiftly Removed from Powerful Board
    He was removed the same day Silicon Valley-based bank collapsed. Becker was a director of the board until March 10. To be precise, he was a Class A director of the San Francisco Federal Reserve ...
    03/12/2023 - 9:19 am | View Link
  • SVB Stock Halted, Bank Shut Down Amid Multi-Billion Dollar Collapse, Shaking Bond-Laden US Financial Sector
    is asking portfolio companies to take their money out of the Santa Clara-based bank, noting that while it was comfortable with the long-term prospects for the bank's deposit base "the shorter term ...
    03/10/2023 - 4:28 am | View Link
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