Showing posts with label liquidityrisk. Show all posts
Showing posts with label liquidityrisk. Show all posts

Sunday, 30 April 2023

Fed Berates Management of Silicon Valley Bank

The Fed berated management of Silicon Valley Bank (henceforth SVB) which went spectacularly bust in March 2023 leading Federal regulators to seize control of it on March 10.

They did not adequately manage interest rate or liquidity risk - they asserted.
The UK business was sold to HSBC. 
SVB was founded in 1983 to focus on the needs of start-up companies.