The Federal Reserve released its assessment Friday of what led to Silicon Valley Bank's collapse, saying the lender's failure was due to a "textbook case of mismanagement" and calling for greater supervision by regulators.

<i>This is a breaking story and will be updated.</i>

The Federal Reserve on Friday released its report on what led to the collapse of Silicon Valley Bank, placing blame on the lender's management and calling for better regulation.

Fed releases report on Silicon Valley Bank collapse

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