The Federal Reserve Board on Monday announced it will review its oversight and regulation of Silicon Valley Bank, which collapsed last week in the country’s largest bank failure since the 2008 financial crisis. Fed Chair Jerome Powell said in a statement that "the events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve.” The central bank named its vice chair for supervision, Michael Barr, who was confirmed last summer, to lead the review. California regulators shut down the tech-focused bank on Friday, sparking questions about the broader fitness of the U.S. banking system. Administration officials have taken action to m
Hence then, the article about federal reserve launches review of silicon valley bank collapse was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Federal Reserve launches review of Silicon Valley Bank collapse )