Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model (Washington Post)

Washington Post:
Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model  —  Focused on profits, leaders made decisions that foreshadowed the bank’s surprise failure  —  Flush with cash from a booming tech industry …