Fed ’s Michael Barr learned of risks at SVB weeks before it failed

The Federal Reserve’s head of banking supervision said Tuesday he was first made aware of the interest rate risk-related issues at Silicon Valley Bank in mid-February, just weeks before its failure. Fed Vice Chairman for Supervision Michael Barr told the Senate Banking Committee that Fed staff…#federalreserves #siliconvalleybank #michaelbarr #svb

Source: Reuters: Health - March 29, 2023 Category: Consumer Health News Source Type: news