California regulators shuttered Silicon Valley Bank on March 10 and appointed FDIC as receiver. SVB (Silicon Valley Bank) logo is seen in this illustration taken March 19, 2023. REUTERS/Dado Ruvic/IllustrationWarren also said on Sunday she does not have faith in San Francisco Federal Reserve President Mary Daly in the wake of SVB's collapse. Financial stocks lost billions of dollars in value since Silicon Valley Bank and Signature Bank collapsed this month. "Remember the Federal Reserve Bank and Jerome Powell are ultimately responsible for the oversight and supervision of these banks.

Source: Wall Street Journal March 19, 2023 09:44 UTC