Bk.svb | 360p |

In 2020-2021, deposits skyrocketed, which the bank invested into low-yield, long-term bonds. 3. Causes of Failure svb-review-20230428.pdf - Federal Reserve

Failure was caused by mismanagement of interest rate risk, high exposure to long-duration securities, and a failure to diversify the client base (tech startups/VCs). 2. Background and Strategic Focus BK.svb

On March 10, 2023, SVB was closed by the FDIC after a In 2020-2021, deposits skyrocketed, which the bank invested

Served ~50% of U.S. venture-backed tech/life science startups. which the bank invested into low-yield