•Federal Reserve's Michael Barr testified before the Senate Banking Committee on Tuesday and stated that the collapse of Silicon Valley Bank was a textbook case of bank mismanagementbr br •SVB tripled in size over the last three years, and financial controls failed to keep pacebr br •Bank didn't take quick and decisive action when raising interest rates lowered the value of its government bondsbr br •Federal regulators warned bank managers about the potential risk as early as October twenty twenty-one