The nation's top financial regulator is asserting that Silicon Valley Bank's own management was largely to blame for the bank's failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse.
Source: washington times
Summary automatically generated by NewSUM A.I. from the following sources:
- Fed official: SVB itself was main cause of bank's failure (washington times)
- Fed official: SVB itself was main cause of bank's failure (abc news)
