A friend years ago used to run one of the largest banks in the US. They are one of a few on the "too big to fail" list. SVB was a competitor in some areas. He said his bank ceased dealing with SVB because they took INSANE risks as a matter of course. So all of these people pondering how this could have happened given how conservative SVB's choices were? No.

A friend years ago used to run one of the largest banks in the US. SVB was a competitor in some areas. He said his bank ceased dealing with SVB because they took INSANE risks as a matter of course. So all of these people pondering how this could have happened given how conservative SVB's choices were? No.