![]() SVB was regulated like a bank but looked more like a money-market fund. In an op-ed titled “ Who Killed Silicon Valley Bank?” columnist Andy Kessler writes: “Was there regulatory failure? Perhaps. Though The Wall Street Journal isn’t so sure! One reason SVB probably did not fail? The presence of a few women, one Black person, and an individual who identifies as LGBTQ+ on its board. ![]() How did this happen? Not surprisingly, a multitude of factors appear to have contributed to the company’s downfall, including its failure to account for rising interest rates venture capital drying up a prevalence of uninsured depositors, who usually ask for their money back when things are looking bad and a lack of regulatory oversight, thanks to one Donald Trump. As you’ve probably heard by now, on Friday, Silicon Valley Bank-a lender to some of the most notable names in the tech world-became the biggest bank to fail since the 2008 financial crisis.
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