NewsBite

Opinion

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
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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

Loading...
Richard Holden is Scientia Professor of Economics at UNSW Business School. Connect with Richard on Twitter.
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    The Australian Financial Review Magazine

    Peter Dutton photographed for AFR Magazine’s Power issue in 2023.

    BOSS Financial Review

    Kim Feitelberg established her haircare company, HairShots, in early 2023.

    Life & Leisure

    Lisa Stedman, chief operating officer at Cash Converters

    Rich List

    Nick Andrianakos, pictured in Greece’s Nafplio, where he had been building a hotel.

    Original URL: https://www.afr.com/companies/financial-services/how-trying-to-be-cool-killed-off-silicon-valley-bank-20230312-p5crgg