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A comment on FDIC Takes over Silicon Valley Bank. Parent comment

Re:FDIC Takes over Silicon Valley Bank by rcme on Friday March 10, 2023 @02:37PM (#35099703)
At the SVB bought the securities in question, interest rates were 0 across nearly all savings products. SVB was trying to maximize profits for itself and shareholders. This isn't about attracting customers with high-yield accounts.
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Re:FDIC Takes over Silicon Valley Bank by rlucas on Friday March 10, 2023 @06:08PM (#35102570)
... though it may well be relevant that they might have felt great pressure to /retain/ customer deposits in a world of competitive yields.
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