Regulators have barely written the epitaph for First Republic Bank, but investors on Wall Street have already moved on to speculating which bank might be the next to fail.
The report points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems.
Sloppy oversight by Federal Reserve regulators contributed to a rapid failure of Silicon Valley Bank that shook the global banking sector earlier this year, according to the findings.