SVB's collapse is a tale of ambition, management mistakes, and focusing on innovation over the mundane work of managing risk and ensuring financial prudence (Maureen Farrell/New York Times) 15-03-2023

Maureen Farrell / New York Times:
SVB’s collapse is a tale of ambition, management mistakes, and focusing on innovation over the mundane work of managing risk and ensuring financial prudence — While its leader extolled innovation and the future of tech, the bank paid less attention to risk management and was caught flat-footed by economic change.