Fed report on Silicon Valley Bank collapse blames mismanagement, weak government oversightApril 28, 2023 at 11:20 AM EDT
The Federal Reserve on Friday released its report on what led to the collapse of Silicon Valley Bank, placing blame on the lender's management and calling for better regulation.
The Federal Reserve released its assessment Friday of what led to Silicon Valley Bank's collapse, saying the lender's failure was due to a "textbook case of mismanagement" and calling for greater supervision by regulators. This is a breaking story and will be updated. 
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