BBCNEWS World Business Report July 6, 2024
a top republican has accused us regulators of being "asleep at the wheel" in the period leading up to the implosion of silicon valley bank. those comments in the first of two bruising congressional hearings intended to shed light on the failings that led to the lender's collapse. in response, the regulator pointed the finger at executives — saying they did a terrible job of managing risk. we are still reconstructing the supervisory racket, we understand they were issued a matter requiring attention based on the inaccuracy of their interest rate risk modelling. essentially, the risk...
Source: archive.org
