SVB collapse: Fed says it failed to ‘take forceful enough action’

By Zach Halaschak

Published April 28, 2023 4:06pm ET

SVB collapse: Fed says it failed to ‘take forceful enough action’ — A customer exits Silicon Valley Bank's headquarters in Santa Clara, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the bank's collapse. Dozens of individuals waited in line outside the bank to withdraw funds. | (Benjamin Fanjoy/AP)

The Federal Reserve said in a postmortem report that the collapse of Silicon Valley Bank represented failure across the board, including at the central bank.

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