"FDIC's Modernization Plans and Fees for Big Banks"

The Federal Reserve's report on Silicon Valley Bank reveals that the banking industry is headed for further difficulty, and that the Federal Reserve's supervision needs to improve if it expects to handle it successfully. The report confirms that Silicon Valley Bank was poorly managed and supervised, and that the Fed's supervision of the bank was woefully inadequate. The report also suggests that circumstances around these supervisory weaknesses are probably systemic, and that the banking industry has responded by taking on a greater degree of credit and market risk, which is being tested as interest rates rise.