Did bosses squelch reports?-----KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse - WSJ

KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse - WSJ

• Accounting firm faces scrutiny for audits of failed banks

"President Biden said the banking system is safe in remarks on Monday, aiming to shore up confidence in the financial system. 

The remarks come just days after Silicon Valley Bank collapsed after a run on deposits.

• Silicon Valley Bank failed just 14 days after KPMG LLP gave the lender a clean bill of health. 
• Signature Bank went down 11 days after the accounting firm signed off on its audit...