SVB has taken a major impairment due to rising rates already. They might not have to mark the remaining assets to market, but if they have to sell they will tak

SVB has taken a major impairment due to rising rates already. They might not have to mark the remaining assets to market, but if they have to sell they will take losses, even if these are liquid. His statement didn't project confidence. My "we are adequately capitalized" shirt is raising questions answered by my shirt is the meme way of expressing it. The right move would be to find a recapitalization transaction and complete it, which they tried to do but issued the press release right after a crypto-focused bank went into receivership due to falling account levels. That did not help matters.