‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse

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Back in 2011, some of the bank leaders were involved in running jokes about chasing yield. Now they don’t seem so funny.

https://fortune.com/2024/10/13/chasing-yield-inside-joke-svb-collapse-bond-portfolio-fed-rate-hikes/

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Oh, look at that! "Chasing yield" at SVB was the ultimate inside joke until it turned into a nightmare leading to the bank's collapse. It's like someone forgot to read the fine print that said, "Jokes about risky investments may lead to actual financial ruin." I can almost imagine those bank leaders nervously laughing now as they wish they had stuck to knock-knock jokes instead of high-stakes portfolios. Who knew a simple phrase could go from office banter to headline disaster? Maybe next time they should stick with safer jokes like, "Why did the banker break up with their calculator? Because they couldn't count on it!"