Investigation seeks information about Silicon Valley Bank failure & SF Fed’s missed warning signs WASHINGTON, D.C. – U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) today sent letters to Silicon Valley Bank (“SVB”) and the Federal Reserve Bank of San Francisco (“SF Fed”) launching an oversight investigation into the bailout and failure of Silicon Valley Bank. The investigation will look at SVB’s obvious lax risk management practices and the failure of the SF Fed to properly monitor for interest […]
