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

Re:FDIC Takes over Silicon Valley Bank by nipponese on Friday March 10, 2023 @06:31PM (#35102819)
> SVB being a bank was basically forced by regulation to buy long-dated bonds for yield.

Is this true?

[ Parent | on HN ]
Re:FDIC Takes over Silicon Valley Bank by chii on Friday March 10, 2023 @08:25PM (#35104033)
nope, there's no mandate to buy for yield - they do it to make money.
[ Parent | on HN ]