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Richard Holden

How trying to be cool killed off Silicon Valley Bank

The tech bank was very good at cultivating relationships in Silicon Valley but very bad at finding profitable lending opportunities.

Richard HoldenEconomics professor

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Right now the Federal Deposit Insurance Corporation (FDIC) is sifting through the wreckage of the collapse of Silicon Valley Bank (SVB) – the largest banking failure in the United States since 2008.

SVB was done in by fundamental problems not public panic.  AP

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Richard Holden is professor of economics at UNSW Business School. Connect with Richard on Twitter.

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