San Francisco Fed President Mary Daly's district oversaw the second-largest bank failure in U.S. history.
San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank's supervision, several former and current fed officials told CNBC.
"She was not in the chain of command," one former Fed bank president told CNBC. "Supervisory action taken by the San Francisco Fed staff would have been cleared by Washington." Data show hundreds of billions of dollars have poured out of smaller banks, with some going to larger banks, and hundreds of billions of dollars more leaving the banking system and ending up in money market mutual funds.
SVB experienced massive growth in 2020 and 2021 and moved into the category of Large Bank Organizations, where the bulk of the supervision was handled by examiners in the San Francisco Fed who reported mostly to Washington. Officials said these MRA or MRIAs would have been approved by Washington. In the summer of 2022, the bank's rating was lowered to "fair" and its governance rated as "deficient."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Tech art with a Mexican twist arrives in San Francisco’s Mission DistrictAn acclaimed tech artist lands with 3,000 heartbeat-powered lights and the world’s first 3D-printed speech bubble.
続きを読む »
How to celebrate Trans Day of Visibility in San FranciscoAs home to the first official Transgender Cultural District in the world, it won't come as a huge surprise that San Francisco is going all-out for Transgender Day of Visibility.
続きを読む »
What the Muslim community means to San FranciscoOPINION: As we reflect on our own actions during Ramadan, we know that if these changes are made for us, progress will be made for all other minorities in San Francisco too.
続きを読む »
San Francisco Nonprofit Calls on City, Public to Help Plant New TreesThe combination of wind and rain has been taking its toll on San Francisco’s trees.
続きを読む »
$100k reward for quadruple-shooting at San Francisco playgroundThe San Francisco Police Department said there is a reward of $100,000 for help solving a shooting at a playground that left two dead and another two injured.
続きを読む »
Trina Robbins, comic book pioneer, lives in San Francisco: Her superpower — drawing Wonder Woman84-year-old Trina Robbins has lived in her San Francisco home for decades, surrounded by a lifetime of collectibles, in a place filled with stories, and of art. She's a pioneer in the world of comic books. Her superpower: drawing Wonder Woman.
続きを読む »