silicon – Cowley Post

Senator calls on Fed to fire staff over Silicon Valley Bank failure

Thursday, May 18

(WASHINGTON) -- Sen. Tim Scott, R-S.C., on Thursday called for firings at the Federal Reserve over the central bank's failure to regulate Silicon Valley Bank in the run-up to its collapse.The imperative from Scott came during Senate testimony from Michael Barr, the Fed's vice... Read More.

Silicon Valley Bank CEO slammed by senator for ‘really stupid bet’

Tuesday, May 16

(WASHINGTON) -- Senators from both parties slammed former Silicon Valley Bank CEO Greg Becker at a hearing on Tuesday, accusing him of mismanagement that they say was fueled by short-term profits and the millions he stood to gain in compensation.In a particularly heated exchange,... Read More.

Federal Reserve says it ‘failed’ in run up to Silicon Valley Bank collapse

Friday, April 28

(NEW YORK) -- The Federal Reserve failed in its role as the banking industry watchdog in the run up to the collapse of Silicon Valley Bank, the central bank said on Friday.The Fed sharply criticized leadership at Silicon Valley Bank for "a textbook case... Read More.