The US central bank has said it failed to act with “sufficient force and urgency” in its oversight of Silicon Valley Bank, which collapsed last month in the country’s biggest bank failure since 2008. The conclusion is one of the main findings from the Federal Reserve’s investigation of the episode. It sparked global fears about […]
Tag: FDIC
Who will pay the $22 BN it took to rescue 2 banks?
Freedom Bank was founded two decades ago in Montana’s Flathead Valley, an area well known for fly fishing and whitewater rafting that is a world away from Silicon Valley. The community lender has built its business by catering to locals, offering a mix of mortgages, car loans and commercial loans from its home base in […]