Federal Reserve Orders External Review of 2023 Silicon Valley Bank Collapse

Federal Reserve Orders External Review of 2023 Silicon Valley Bank Collapse

The Federal Reserve will have a third-party review the March 2023 collapse of Silicon Valley Bank, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Friday (March 20). During an interview on Fox Business’ “Mornings with Maria,” Bowman said there was evidence of issues with Silicon Valley Bank’s condition as early as 2022, and that those issues were included in the regularly published regulatory reports by the Federal R…