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SVB Collapse

Fed to Probe Its Supervision of SVB, Release Review by May 1

Bloomberg business news
Harvard's Scott: Biden Doesn't Need To Change Bank Regulation

The Federal Reserve said Monday it is launching an internal review of its supervision and regulation of Silicon Valley Bank after its failure last week.

The review, which will be led by Vice Chair for Supervision Michael Barr, will be publicly released by May 1, the Fed said. The collapse of the lender, which was overseen by the San Francisco Fed, was the biggest bank failure in more than a decade.