Fed's Barr to Congress: SVB's failure is 'textbook case of mismanagement'

Fed's Barr to Congress: SVB's failure is 'textbook case of mismanagement'

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Less than three weeks after Silicon Valley Bank failed, Federal Reserve Vice Chair of Supervision Michael Barr will tell lawmakers Tuesday the collapse was a textbook case of mismanagement after what was the country's 16th-largest lender fell into receivership in a matter of days. "SVB's failure…

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