Banks Are Risky. Silicon Valley Bank’s Risk Officer Was AWOL.

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James Lam had just been hired by a new financial division of GE Capital when he walked into his boss’s office with a problem: He was ordering business cards and had no idea what to put on them. Since his position didn’t really exist, it also didn’t have a title, so he was given permission to invent one. He called himself a chief risk officer. 

Thirty years later, as he followed

the spectacular implosion of Silicon Valley Bank, there were few people more qualified than Mr. Lam to ask two simple questions. 

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