beSpacific<p>Before Collapse of <a href="https://newsie.social/tags/SiliconValleyBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SiliconValleyBank</span></a> <a href="https://newsie.social/tags/Fed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Fed</span></a> Spotted <a href="https://newsie.social/tags/BigProblems" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BigProblems</span></a>. Bank was using an <a href="https://newsie.social/tags/incorrect" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>incorrect</span></a> <a href="https://newsie.social/tags/model" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>model</span></a> as it <a href="https://newsie.social/tags/assessed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>assessed</span></a> its own <a href="https://newsie.social/tags/risks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>risks</span></a> amid <a href="https://newsie.social/tags/rising" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>rising</span></a> <a href="https://newsie.social/tags/InterestRates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>InterestRates</span></a> & spent much of 2022 under a <a href="https://newsie.social/tags/SupervisoryReview" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SupervisoryReview</span></a>....By early 2023, <a href="https://newsie.social/tags/SVB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SVB</span></a> was in what the Fed calls a <a href="https://newsie.social/tags/HorizontalReview" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>HorizontalReview</span></a>,” an assessment meant gauge strength of <a href="https://newsie.social/tags/RiskManagement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RiskManagement</span></a>. Checkup identified additional deficiencies but at that point the bank’s days were numbered. In early March, it faced a run & failed w/in days. <a href="https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2023/03/19/busines</span><span class="invisible">s/economy/fed-silicon-valley-bank.html</span></a></p>