SVB didn't have a risk management person for most of 2022. The board didn't worry? Looks pretty laissez-faire to me.
SVB is merely the first casualty of the near zero interest rates post COVID. Consider SilverGate, Signature Bank and First Republic Bank. And it's only Monday morning ...
Comments
SVB didn't have a risk management person for most of 2022. The board didn't worry? Looks pretty laissez-faire to me.
SVB is merely the first casualty of the near zero interest rates post COVID. Consider SilverGate, Signature Bank and First Republic Bank. And it's only Monday morning ...