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Which bank? There are two different banks here with very different risk management approaches.
by wpietri 4y ago
Which bank? There are two different banks here with very different risk management approaches.
- piva00 4y agoOne is still standing, the other seems to be insolvent.
- subroutine 4y agoIndeed, SVB is still standing while JP Morgan Chase got a $25 billion dollar bailout in 2008. https://money.cnn.com/news/specials/storysupplement/bankbailout/ https://money.cnn.com/news/specials/storysupplement/bankbail...
- wpietri 4y agoAnd they are also so good at due diligence that they got scammed for $175 million: https://www.forbes.com/sites/alexandralevine/2023/01/11/jp-morgan-fake-customers-frank-charlie-javice/?sh=2822df2814d4 https://www.forbes.com/sites/alexandralevine/2023/01/11/jp-m...