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NY Times alleges that the Fed had been telling SVB about the reserve issues since 2021. It sounds like SVB was a poorly run bank. When it came down, I'm sure a
by tommiegannert 4y ago
NY Times alleges that the Fed had been telling SVB about the reserve issues since 2021.
It sounds like SVB was a poorly run bank. When it came down, I'm sure a bunch of people said "told you so," but there was ample time to correct before then.
https://www.smh.com.au/business/banking-and-finance/before-collapse-of-silicon-valley-bank-the-fed-spotted-big-problems-20230320-p5ctgy.html https://www.smh.com.au/business/banking-and-finance/before-c...