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It's bizarre a recurring thing recurs? Particularly when 'venturing' into areas more profitable because of more risk? Here's their loan risk analysis as of EO
by Terretta 4y ago
It's bizarre a recurring thing recurs?
Particularly when 'venturing' into areas more profitable because of more risk?
Here's their loan risk analysis as of EOY:
https://i.imgur.com/ZWG157R.jpg https://i.imgur.com/ZWG157R.jpg
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- pclmulqdq 4y agoWhat's bizarre is that this is a particularly big bank to be going under. Most of the ones that die are tiny because banks have a real economy of scale here. Lehman and Washington Mutual were truly exceptional cases in the 2008 crisis, and SVB may be right there with them in a few weeks.
- Asparagirl 4y ago2008 also had IndyMac and Wachovia[1] and a whole lot of regional banks, which were not small either. [1] which technically didn't fail but had its retail banking operations forcibly absorbed by Citigroup in an overnight shotgun wedding officiated by the FDIC, but hey who's counting
- pclmulqdq 4y agoYou can also add Bear Stearns to that list. Another "rescue" merger of a large-cap bank.
- kragen 4y agomost banks that fail are tiny because most banks are tiny
- icelancer 4y agoWaMu failing was so strange.