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At the SVB bought the securities in question, interest rates were 0 across nearly all savings products. SVB was trying to maximize profits for itself and shareh
by rcme 4y ago
At the SVB bought the securities in question, interest rates were 0 across nearly all savings products. SVB was trying to maximize profits for itself and shareholders. This isn't about attracting customers with high-yield accounts.
- rlucas 4y ago... though it may well be relevant that they might have felt great pressure to /retain/ customer deposits in a world of competitive yields.