#horizontalreview — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #horizontalreview, aggregated by home.social.
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Before Collapse of #SiliconValleyBank #Fed Spotted #BigProblems. Bank was using an #incorrect #model as it #assessed its own #risks amid #rising #InterestRates & spent much of 2022 under a #SupervisoryReview....By early 2023, #SVB was in what the Fed calls a #HorizontalReview,” an assessment meant gauge strength of #RiskManagement. Checkup identified additional deficiencies but at that point the bank’s days were numbered. In early March, it faced a run & failed w/in days. https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html