Submitted by Loud_Adagio2222 t3_11txs83 in nottheonion
dastardly740 t1_jcmrwm1 wrote
Reply to comment by TheManInTheShack in SVB blames remote work for bank failure by Loud_Adagio2222
They also appeared to have a significant proportion of their deposits effectively controlled by one person where that individual telling all his portfolio companies to withdraw there deposits was enough to eat up the banks liquidity.
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