CNN CNN Newsroom Live June 4, 2024 06:40:00
Likely go into receivership by the fdic. this comes just a month after the collapse of silicon valley bank and the shutdown of new york-based signature bank. u.s. regulators are revealing the results of their investigation into failure of those banks. the federal reserve says poor management is part of the reason why signature bank collapsed and it was also linked to silicon valley bank's failure days before. the report pointed to management shortcomings and to some of its own. >> reporter: the report thorough, more than 100 pages, its findings damning, a textbook case of bank mismanagement ...