Welcome to Closing Bell, I'm Scott Wotner live from Post 9 here at the New York Stock Exchange.

This make-a-break hour begins with this pressing question.

Who knew what and when about Silicon Valley Bank's troubles?

And why wasn't more done before the bank teetered on the

brink of failure. We get into more of that in a moment. First your

scorecard with 60 minutes to go in regulation today stocks fighting it out all

day long as some of this

quarters biggest winners lose a little steam today tech income services dragging

things down the NASDAQ under the most pressure you see it there names like

Microsoft and Apple there they are taking a bit of a

breather today. Rates tracking higher, perhaps putting some pressure on the growth trade overall.

Energy, the leader, looking to bounce back even more.

All of this leading us to our talk of the tape.

Where was the Fed and other key regulators

as S. V. B's practices were repeatedly flagged

by officials for years? By the time the siren... practices were

really flagged by officials for years.

The time the sirens were really blaring, though, it was too late. The collapse, the second largest bank failure in US history.

For more, let's welcome in the Wall Street journals Nick Timros. He does

cover the Fed. It's good to see you. It is a pressing question because as we know now

the bank was on notice since 2021 and throughout 2022.

And we're gonna show you on a wall

...