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U.S. bank turmoil reflects blatant failure by the Fed, expert says

Nicolas Veron says move to secure all deposits raises risk of future instability

Silicon Valley Bank was shuttered by U.S. regulators on March 10.    © Reuters

WASHINGTON -- Financial markets worldwide are rattled by the bankruptcy protection filing by Silicon Valley Bank and troubles faced by other American banks.

How did U.S. regulators not detect the potential crisis until recently, and was the handling of the bankruptcy appropriate?

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