Tue, Apr 11th, 2023 - 9:00am
March 14, 2023 - 2:00pm | By Kyle Cornell
(Washington, DC) -- The Federal Reserve will conduct a review of Silicon Valley Bank following its collapse.
The central bank announced it will carry out a review of the supervision and regulation of the bank.
Fed Chairman Jerome Powell said the events surrounding the bank's failure demand a "thorough, transparent, and swift review" by the Fed.
It will be publicly released by May 1st.
