>The immediate cause of SVB's failure, as we've said before, was that the company didn't take into account the risks that a high-interest rate environment, coupled with its concentrated tech-heavy clientele, posed to its balance sheet.
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>It's certainly possible that if more executives were working in closer proximity those missteps would've been avoided. But it's hard to really know.
I hardly call this blaming remote work for bank failure.
helloworld92837 t1_jcmlgt3 wrote
Reply to SVB employees blame remote work for bank failure by work_hau_ab
>The immediate cause of SVB's failure, as we've said before, was that the company didn't take into account the risks that a high-interest rate environment, coupled with its concentrated tech-heavy clientele, posed to its balance sheet.
>
>It's certainly possible that if more executives were working in closer proximity those missteps would've been avoided. But it's hard to really know.
I hardly call this blaming remote work for bank failure.