IPFS News Link • Central Banks/Banking
Silicon Valley Bank shoots self in foot
• Tech CrunchIt will go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it it had to be abruptly shut down. And why? Not because the bank was falling apart at the seams. Instead, because it utterly flubbed some important messaging at the very worst time imaginable.
This, friends, is what is called an own goal.