SVB's Loaning to Insiders Triples Before Collapse: Fed Oversight Questioned.

Silicon Valley Bank's loans to officers, directors, and principal shareholders tripled to $219 million in the final quarter of 2022, marking a two-decade record high, just months before its collapse. The San Francisco Federal Reserve boss, Mary Daly, has come under fire for failing to act on signs of weakness at the bank. The loans were becoming increasingly skewed towards larger borrowers such as private equity and venture capital clients in the months before its collapse. Federal regulators seized SVB on March 10, making it the largest bank to collapse since the 2008 financial crisis.