4 ms·
What'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.
by pclmulqdq 4y ago
What'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.