A lot of bad decisions by the bank's management. The Fed's 13-year infatuation with zero interest rates also played a big part in this. They had to sell the securities that they had on their balance sheet at a big loss and that just exacerbated the problem.
Kara, Scott, and William D. Cohan are back with a bonus episode to talk through Silicon Valley Bank’s 48 hour collapse. What does its fall mean for tech? Who's to blame? Will depositors be made whole?