Top banking regulator blames SVB collapse on 'mismanagement' but insists vulnerability was 'not apparent until the unexpected bank run'

Michael Barr's testimony to Congress pinned the blame squarely on SVB but he didn't fully explain why the Fed didn't act earlier.

Top banking regulator blames SVB collapse on 'mismanagement' but insists vulnerability was 'not apparent until the unexpected bank run'
Michael Barr's testimony to Congress pinned the blame squarely on SVB but he didn't fully explain why the Fed didn't act earlier. Read More