Fed official: Bank rules under review in wake of SVB failure.
Silicon Valley Bank's management was informed by the Federal Reserve's bank supervisors of the risks of the bank's unusual business model in the fall of 2021, says Michael Barr, the Fed's vice chair for supervision. Barr said the bank's managers failed to address the problems, despite being given a low rating, while Silicon Valley Bank's failure was the result of mismanagement.
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