Fed Urges Sweeping Reevaluation of Bank Rules Post-SVB

The transcript discusses a report on the failure of SVB, highlighting multiple causes including management failures at the bank and the Fed. It points out that the board prioritized short-term profits over risk management, and policy changes under Randall Quarles made it easier for smaller banks to avoid compliance. Social media and technology accelerated the bank run, and compensation packages lacked risk metrics, incentivizing short-term gains.

In what ways did social media and technology impact the bank run?

What financial incentives did SVB's management have that affected their risk management?