The Fed spotted red flags at Silicon Valley Bank years before it collapsed, report says

• Fed officials saw issues with Silicon Valley Bank years before it collapsed, according to a NYT report.
• Officials first identified red flags in a 2021 review of SVB, a familiar source told the NYT.
• Those issues remained unaddressed, leading to the bank's failure in early March.

The Federal Reserve spotted red flags at Silicon Valley Bank years before it collapsed, according to a report from the New York Times.

The NYT reported that Fed officials found issues with the now-failed bank after a review in 2021. Supervisors from the San Francisco Fed gave SVB six citations that year, a source told the publication, under warnings titled "matters requiring attention" and "matters requiring immediate attention," flagging liquidity concerns at the lender.