Washington – According to the Federal Reserve Bank, the US Federal Reserve’s chief bank supervisor first learned regarding the interest rate risks at the Silicon Valley Bank (SVB) in mid-February. Back then, just a few weeks before the California bank went bankrupt, Fed employees gave a presentation to the central bank’s leadership, said Michael Barr, head of the Fed’s banking regulator, on Tuesday before the US Senate in Washington.
Fed bank supervisor learned about SVB interest rate risks in mid-February
