Author Archives: Kurt Huffman

 Heartbeats Over Hardware

business owner uses phone with mobile bank security

Silicon Valley Bank appears to have failed for a simple reason – mismatching of maturities of assets and liabilities . . . a basic bank management principle. Deposits were short-term and invested assets were long-term. When depositors wanted to withdraw their cash, the bank was faced with liquidating long-term investments (e.g., bonds, which were trading […]