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Top Fed official: Silicon Valley Bank was "textbook case of mismanagement"

Silicon Valley Bank was a "textbook case of mismanagement," the Federal Reserve's top banking regulator will tell lawmakers this week — one key reason for the bank's failure.

Why it matters: The Fed official is among the regulators set to appear before Congress for the first hearing related to the collapse of Silicon Valley Bank, which sparked panic about the financial system's health.


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