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SVB customers tried to withdraw $100 billion the day the bank collapsed
2 years ago
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Speaking before the Senate Banking Committee on Tuesday, the Federal Reserve Vice Chair for Supervision Michael Barr says Silicon Valley Bank customers tried to withdraw $100 billion the day the bank collapsed. “The picture that has emerged thus far shows SVB had inadequate risk management and internal controls that struggled to keep pace with the growth of the bank,” said Barr.
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