[YPCrumble]

This is literally showing how parasitic these organizations are. Bankers think that banks exist to make themselves a lot of money, not to serve customers.

This is why organizations like SVB need to fail without any kind of bailout and executives need to go to prison for paying out bonuses if they paid them out knowing they couldn’t meet their fiduciary responsibility to customers.

[chii]

> Bankers think that banks exist to make themselves a lot of money, not to serve customers.

the business of a bank is to make money. If serving the customers make them money, it will happen. If there's some other activity which makes even more money, that activity would be done instead (or as well as).

Does the farmer that grow your food also exist solely to serve you food?

[senectus1]

that is literally capitalism. Just because its a "service industry" doesn't absolve it from the fundamental economic driver of capitalism.

[ryukoposting]

It's not "parasitic," it's an incentive structure. Bonuses are standard practice in the financial sector intended to reward high effort and good performance.

Unless you believe nearly every employee at SVB down to the entry level is in some way responsible for this, then complaining about bonuses doesn't make any sense.

For the record, I don't think they should be bailed out.