The main causes of SVB's failure can be traced to several factors.
Firstly, SVB had a high concentration of loans and deposits from technology companies, which made it vulnerable to sector-specific shocks and risks.
Secondly, SVB had a complex and opaque risk management framework that relied on internal models and assumptions that were not always validated by external sources.
Thirdly, SVB had a culture of risk-taking and innovation that sometimes conflicted with prudent banking practices and compliance requirements.
Finally, SVB had a lack of diversity and independence in its governance and oversight, which made it more susceptible to groupthink and insider influence.
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