Sources: SVB bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its internal risk model (Washington Post)

Washington Post: Sources: SVB bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its internal risk model  —  Focused on profits, leaders made decisions that foreshadowed the bank's surprise failure  —  Flush with cash from a booming …
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