📰 FED VICE CHAIR OF SUPERVISION MICHAEL BARR: SVB’S FAILURE WAS ‘TEXTBOOK CASE’ OF MISMANAGEMENT BY BANK FED’S BARR: SVB SENIOR LEADERSHIP FAILED TO MANAGE BASIC INTEREST-RATE, LIQUIDITY RISK || SVB BOARD OF DIRECTORS FAILED TO OVERSEE AND HOLD SENIOR LEADERSHIP ACCOUNTABLE

FED VICE CHAIR OF SUPERVISION MICHAEL BARR: SVB’S FAILURE WAS ‘TEXTBOOK CASE’ OF MISMANAGEMENT BY BANK

FED’S BARR: SVB SENIOR LEADERSHIP FAILED TO MANAGE BASIC INTEREST-RATE, LIQUIDITY RISK || SVB BOARD OF DIRECTORS FAILED TO OVERSEE AND HOLD SENIOR LEADERSHIP ACCOUNTABLE