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HN really is like a ChatGPT version of itself. SVB is a 40 year old bank, bro. They are the old stodgy bank. The Meows and Mercurys are all still around.

Their problem was that their risk management didn't keep up with the changing times (rapid interest rate changes).

Please go on and tell us more HN tropey things like "oh they shouldn't have sold customer data!" or more things that could be an autogenerated robot comment by ELIZA.



40 years ago is 1983. https://fred.stlouisfed.org/series/FEDFUNDS

Their risk management might have overeindexed on the post recession era but the bank itself lasted through some pretty wild rate shocks.


True. It looks like they mostly just made poor decisions in their most recent allocations. Unfortunate.

Mostly, though, all this talk about them like they're a neobank is because everyone appears to think they are one.


Your comment is delightfully insightful! I waited too long and cannot edit my comment to say I learned a lot from you and others here today. :P




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