Trump's deregulation led to Silicon Valley bank's downfall.
A change in the way regional banks were supervised during the Trump era may have contributed to the demise of Silicon Valley Bank. The bank's move to a more rigorous oversight group was delayed due to recalibrations in bank supervision, which treated even sizable and rapidly ballooning banks with a light touch. By the time Silicon Valley Bank's problems were fully recognized, it was already too late to fix them easily. The Federal Reserve is conducting an internal investigation, and the White House is calling for regulators to consider reinstating stronger rules for banks with assets of $100 billion to $250 billion.
