SVB collapse puts Fed's faith in a strong, low-risk financial system to the test

SVB collapse puts Fed's faith in a strong, low-risk financial system to the test

FILE PHOTO: A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. REUTERS/Nathan Frandino/File Photo

Howard Schneider

13 March, 2023

Earlier this month the U.S. Federal Reserve in a report to Congress gave what has become a standard reassurance: Banks were strong and the overall financial system in solid shape.

Silicon Valley Bank

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