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Could've probably sold their low interest HTM for a far smaller hit but wound up holding the bag while feds absolutely spiked the rate. The previous CRO probab

Could've probably sold their low interest HTM for a far smaller hit but wound up holding the bag while feds absolutely spiked the rate. The previous CRO probably saw the writing on the wall, I wonder if she* got shut down and decided to quit and watch the fireworks from outside.

oaktowner 4y ago
*she According to the linked article: "Ms. Izurieta departed the Company on October 1, 2022. The Company initiated discussions with Ms. Izurieta about a transition from the Chief Risk Officer position in early 2022. Accordingly, the Company and Ms. Izurieta entered into a separation (without cause) agreement pursuant to which she ceased serving in her role as Chief Risk Officer as of April 29, 2022 and moved into a non-executive role focused on certain transition-related duties until October 1, 2022."
- gregw2 4y ago
  She and the CEO sold a ton of stock in Dec 2021 and the bank risk committee met 18 times in 2022 so the writing was probably on the wall in Dec 2021