Fed report on SVB collapse faults bank’s professionals — and central financial institution regulators

Important Factors

Mismanagement and supervisory failures, compounded by a dose of social media frenzy, combined to deliver down Silicon Valley Lender, the Fed explained in a report Friday.
Michael S. Barr, the Fed’s best lender supervisor, named for variations in the way regulators tactic the nation’s intricate and interwoven financial process.
Fed Chair Jerome Powell reported he welcomed the Barr probe and its internal criticism of Fed steps during the disaster.

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