THE ORIGINAL SIN OF SILICON VALLEY BANK
How one decision triggered a bank run.
You can trace the mayhem in banking right now back to something akin to a modeling error.
The ground for the error was laid in early 2020, when Silicon Valley Bank was overtaken by a deluge of deposits flooding in from the government’s response to the coronavirus pandemic. The bank’s deposits tripled over the next two years, climbing from $61 billion at …
