The run, predominantly by VCs, is what destabilized the bank. In a regime of rising interest rates this gives them pricing power on the loans where they were j

The run, predominantly by VCs, is what destabilized the bank. In a regime of rising interest rates this gives them pricing power on the loans where they were just passive depositors previously. Since SVB loans were essentially only to companies who were already customers of these VCs, you could view this move fairly cynically.