Washington Post:
Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model — Focused on profits, leaders made decisions that foreshadowed the bank's surprise failure — Flush with cash from a booming tech industry …
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Sources: SVB execs bought long-term assets that paid more interest based on a misplaced profit-driven strategy, falling out of compliance with its risk model (Washington Post)
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Didi reports Q4 revenue up 7.1% YoY to ~$7.32B and a ~$180M net loss, down from a ~$6.2M profit in Q4 2023, as it recovers from China's $1.2B fine in July 2022 (Reuters)
Reuters : Didi reports Q4 revenue up 7.1% YoY to ~$7.32B and a ~$180M net loss, down from a ~$6.2M profit in Q4 2023, as it recovers from...
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