The FDIC admits to being asleep at the wheel regulating Signature Bank! How many more banks should the FDIC escalated supervisory actions sooner on? At what point should supervisory action be escalated for First Republic?
by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23033a.pdf Regulators Knew Silicon Valley Bank Was in Trouble Since 2021, Did Not Step In A closer look at the months leading up to the collapse of Silicon Valley Bank, the second-largest bank collapse in history, shows …
