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A comment on Startups that use Silicon Valley Bank are freaking out over payroll. Parent comment
1. way more deposits than they historically managed, with no-where good to put it.
2. failure to do what banks do, which is arbitrage their position, putting a huge amount into long-term low interest bonds
3. looking for loopholes in liquidity & stress tests, and reporting exemptions that might have raised earlier alarms
#3 is inexecusable but the other points are in the "bad at your job" category.
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1. way more deposits than they historically managed, with no-where good to put it.
2. failure to do what banks do, which is arbitrage their position, putting a huge amount into long-term low interest bonds
3. looking for loopholes in liquidity & stress tests, and reporting exemptions that might have raised earlier alarms
#3 is inexecusable but the other points are in the "bad at your job" category.