California Regulator Admits Underestimating Risk of SVB's 'Unusually' Rapid Growth

California Regulator Admits Underestimating Risk of SVB's 'Unusually' Rapid Growth

WASHINGTON (Sputnik) – A California regulator in a self-review said it failed to adequately assess the risks of the unusually rapid rise of Silicon Valley Bank (SVB) before the financial institution collapsed, and vowed to look more closely at entities with over $50 billion in assets.

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