Fed Report on Silicon Valley Bank Confirms Its Supervision Arm Shouldn’t Exist

The supervisors knew exactly what was happening at the bank, and were institutionally incapable of acting. This isn’t an isolated incident.

by

If you enjoyed this article, please consider making a tax-deductible donation today. For over 30 years, The American Prospect has delivered independent reporting that exposes corporate power, investigates political corruption, and analyzes threats to our democracy. Unlike many media outlets, we’re not owned by billionaires or corporations—we’re powered by readers like you.

Today’s independent journalism faces unprecedented challenges. Your support makes our reporting possible and keeps our work free and accessible to all. Whether it’s $5 or $50, every contribution helps sustain our nonprofit newsroom.

Join our community of supporters and make a donation today to help keep independent journalism thriving.