Sign of things to come? SVB fails

[chssooner]

I think a lot of things contributed to the failure, but wouldn’t the management of the bank be the prime reason? Penn Square went down betting on the oil industry. So if that bet fails the bank fails. 200 Billion in assets, and a 48 hour collapse? That’s poor management.

Sure, but a lot of things were going on that management had no say in, like rate increases lowering the demand for loans, or inflation fears causing people to pull their money out in droves.