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Fed staff should have known Silicon Valley Bank was vulnerable, new report finds

Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank's staff missed signs ahead of Silicon Valley Bank's 2023 failure.

1 report1 sourceSep 18, 2026, 4:38 PM
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CNBCSep 18, 2026, 4:38 PM

Fed staff should have known Silicon Valley Bank was vulnerable, new report finds

Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank's staff missed signs ahead of Silicon Valley Bank's 2023 failure.

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