Silicon Valley Bank failure review finds Fed staff ‘should have known’ about risks

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Today's Top Stories - September 18, 2026

Today's Top Stories - September 18, 2026

A new review of the Silicon Valley Bank collapse found Federal Reserve supervisory staff “knew or should have known” about the institution’s vulnerabilities, Michelle Bowman, the Fed’s vice chair for supervision, said Friday.

The initial findings from an outside consulting firm’s independent review suggested the biggest bank failure since the 2008 financial crisis resulted from poor management and a lack of “decisive action” by Fed supervisory staff.

It also determined that a 2018 law rolling back portions of the Dodd-Frank Act did not contribute to the central bank’s delayed response, breaking with a prior assessment from Bowman’s predecessor.

“Their report marks a pivotal moment not just in our understanding of what went wrong at SVB, but in our understanding of........

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