Not managing your interest rate is amateurish for any large bank. Every bank treasury has a whole team which only purpose is to monitor and manage that risk. Th

Not managing your interest rate is amateurish for any large bank. Every bank treasury has a whole team which only purpose is to monitor and manage that risk. They had volatile corporate / institutional investor deposits, and took an interest risk that assumed their deposits where super stable (i.e. they wouldn't have to sell those assets).