On April 28, 2023, the Board of Governors of the Federal Reserve System (FED) issued a pre
...
On April 28, 2023, the Board of Governors of the Federal Reserve System (FED) issued a press statement to inform that Michael Barr, Vice Chairman for Supervision of the FED, has concluded its review of the causes of the recent failure of the Silicon Valley Bank (SVB). In a corresponding report published same day, Mr. Barr outlines the root causes of the failure and ...