The Fed's Oversight Failures and Bank Collapses: A Global Concern.
TL;DR Summary
The collapse of Silicon Valley Bank, the largest bank failure since 2008, has prompted intense scrutiny of the Federal Reserve's oversight as many wonder why the bank's vulnerabilities were not promptly fixed. The Fed has already announced a review of the bank's collapse, with the inquiry set to conclude by May 1. Congress is also planning to dig into what went awry, with committees in both the Senate and House planning hearings next week on the recent bank collapses.
- A Big Question for the Fed: What Went Wrong With Bank Oversight? The New York Times
- SVB's Loans to Insiders Tripled to $219 Million Before It Failed Bloomberg
- The Fed's Silicon Valley Bank Cover-Up Won't Work The American Prospect
- Fed was aware of Silicon Valley Bank problems more than a year before its collapse ABC News
- World Markets Rattled by US Bank Failures: Can Regulators Avoid Repeat of 2008? CBN.com
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