Fed's Michael Barr, regulators to testify on Silicon Valley Bank
“Staff relayed that they were actively engaged with SVB but, as it turned out, the full extent of the bank’s vulnerability was not apparent until the unexpected bank run on March 9,” Barr will tell the Senate Banking Committee on Tuesday, according to his prepared written testimony. “SVB’s failure…
#svb #firstcitizensbank #signaturebank #democrats #fdic #doddfrank #treasury #greatrecession #signaturebanks