The Inside Story of Silicon Valley Bank's Collapse and Rescue
The fall of Silicon Valley Bank had little to do with diversity efforts or work-from-home policies, and a lot more to do with deposit growth and its VC clientele. The bank also failed to predict the future correctly when interest rates eventually went up. ESG investing exists because investors want some basic level of eco-friendliness, pro-social actions, and good governance. Most investors are not actually sociopaths. Republicans can’t admit there isn’t much market demand for their beliefs. The deregulation of smaller banks, such as Silicon Valley Bank, exempted them from some of the requirements of the 2010 Dodd-Frank bill, a post-financial-crisis attempt to reform banking.
- Silicon Valley Bank went broke, but not because it was woke The Verge
- Silicon Valley Bank's Distress Wasn't Reflected in Credit Ratings The Wall Street Journal
- Silicon Valley Bank: how lobbying helped save thousands of jobs PR Week
- Silicon Valley Bank's Collapse: a Look Inside the Crisis Business Insider
- The Fear Mongers, Charlatans, And Meanies In The Silicon Valley Bank Collapse Forbes
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