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SVB’s failure is only a symptom of the wider environment in as much as it failed because of a focus on handshakes over proper management. The comments on the FT
by te_chris 4y ago
SVB’s failure is only a symptom of the wider environment in as much as it failed because of a focus on handshakes over proper management. The comments on the FT are illuminating: bankers can’t understand how they didn’t hedge for interest rate risk.
- disgruntledphd2 4y agoAs Michael O'Church often said, the VCs and (SV finance more generally) are the people who couldn't make it in investment banking or private equity Mind you, the FT comment section is always full of people who predicted stuff like this, rather like the comments on breaches around here.