Fed's Barr Says SVB Failure Was 'Textbook Mismanagement'

By Jon Hill (March 27, 2023, 10:53 PM EDT) -- Federal Reserve Vice Chair for Supervision Michael Barr will tell lawmakers Tuesday that while the failure of Silicon Valley Bank came down to a "textbook case of mismanagement," the central bank is looking into how it can improve its bank oversight and whether tighter regulation would have averted disaster....

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