Fed official: SVB itself was main cause of bank's failure

Fed official says banking rules are under review in the wake of SVB failure

Michael Barr, vice chairman for supervision of the Fed’s Board of Governors, said managers of Silicon Valley Bank were deficient. Barr said the Fed is considering whether stricter regulations are needed on liquidity — the ability of a bank to access cash — and capital requirements, which govern the level of funds a bank needs to hold.AP Photos WASHINGTON — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early a…

Fed official: Bank rules under review in wake of SVB failure

Tuesday’s hearing was the first formal congressional inquiry into the March 10 collapse of Silicon Valley Bank and the subsequent failure of New York-based Signature Bank, the second- and third-lar…

Fed official: Bank rules under review in wake of SVB failure

The Fed official, Michael Barr, said that the Fed is considering whether stronger bank rules are needed to prevent a similar bank failure in the future.

Fed official: Bank rules under review in wake of SVB failure

WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the step

Fed official: Bank rules under review in wake of SVB failure

WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the step

Fed official: Bank rules under review in wake of SVB failure

WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the step