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A comment on Silicon Valley Bank paid out bonuses hours before seizure. Parent comment

Re:Silicon Valley Bank paid out bonuses hours before seizure by fredgrott on Saturday March 11, 2023 @05:22PM (#35113405)
no mismanagement was weeks not days. When the FED change interest rates commercial Mortgage securities were hit and SVB had exposure to that financial product.
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Re:Silicon Valley Bank paid out bonuses hours before seizure by bequanna on Saturday March 11, 2023 @05:56PM (#35113645)
Since I hear a lot of people calling out the Fed, Let’s be perfectly clear about who is to blame.

SVB chose to invest in 10-year duration MBS that was yielding only 1.5% when higher rates were known to be just around the corner. The risk/reward in no way made sense.

Simple incompetence and/or greed.

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