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One is still standing, the other seems to be insolvent.
by piva00 4y ago
One 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...