News for hackers. Stuff that matters.

A comment on SVB insider says employees are angry with CEO. Parent comment

Re:SVB insider says employees are angry with CEO by epvgwwqe on Monday March 13, 2023 @09:01PM (#35145823)
You don't need to be a Chief Risk Officer to know that a huge low yield long-term bond is a liability in a high interest rate environment. Clearly they thought the party would never end.
[ Parent | on HN ]
Re:SVB insider says employees are angry with CEO by 331c8c71 on Tuesday March 14, 2023 @12:15AM (#35147385)
It's like banking 101.

Assuming the CEO was not aware is unfathomable. Degree in business, started as a loan officer in the 90s.

I guess he's just assumed that the problem was not necessarily fatal and was effectively betting on it. Very easy to imagine - moose in the headlights type of reaction.

[ Parent | on HN ]