Fed staff should have known Silicon Valley Bank was vulnerable, new report finds

Report finds 'culture of risk aversion' hindered oversight of SVB, Fed official says

Report faults Fed staff for epic failure of Silicon Valley Bank

New York (CNN) — Staffers at the Federal Reserve knew or should have known about the severe trouble mounting at Silicon Valley Bank, but failed to act before the lender’s implosion set off a mini-banking crisis in 2023, according to…

Fed review found SVB supervisors knew of risks before 2023 failure

The Starling Advisory Group found a culture of risk aversion kept Fed staff from acting on vulnerabilities they identified as early as March 2022

New Report Raises Questions Over Fed’s Handling Of Silicon Valley Bank Risks

Consulting firm Starling Advisory Group conducted the review, which goes further than a 2023 internal assessment led by former Fed supervisory chief Michael Barr

Fed staff should have known Silicon Valley Bank was vulnerable, new report finds