Banks can offer incentives for certain levels of deposits. Better interest rates, better cards, better loans. SVB offered perks to bank exclusively with them.

Banks can offer incentives for certain levels of deposits. Better interest rates, better cards, better loans. SVB offered perks to bank exclusively with them. https://www.cnbc.com/2023/03/12/silicon-valley-bank-signed-exclusive-banking-deals-with-some-clients.html https://www.cnbc.com/2023/03/12/silicon-valley-bank-signed-e... If you took that sort of agreement and bet on being bailed out in the event of a failure, you won your bet.