[velcrovan]

Their problem was that they tied up too much of their money in illiquid low-yield bonds. Pure mismanagement.

[skeeter2020]

this is the ultimate cause, but they also used loopholes to avoid reporting obligations other banks complete, and did not highlight the liquidity issues or stress-test that say... increased withdrawals might highlight. These aspects should be investigated deeper.

[ianbotham]

agree. it's always such systemic / procedural lapses that allow problems to go unnoticed