Silicon Valley Bank

Silicon Valley Bank’s Failure a “Textbook Case of Mismanagement”

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A report Silicon Valley Bank's failure finds faults with the bank's leadership, its board of directors as well as the Federal Reserve itself.

Calling it a “textbook case of mismanagement” the U.S. government liberally spread out the blame for Silicon Valley Bank’s (SVB) failure. In a report released this morning by the Federal Reserve’s Board of Governors, investigators pointed the finger at SVB’s senior leadership, its board of directors and the Federal Reserve itself. “SVB’s failure demonstrates that … Read more