3 ms·
This reminds me a lot of the american express crisis that led berkshire hathaway to buy in 1998. SVB has positive brand value and (much more importantly) posit
by gen220 4y ago
This reminds me a lot of the american express crisis that led berkshire hathaway to buy in 1998.
SVB has positive brand value and (much more importantly) positive book value. At $16bn market cap EOD two days ago, they are also a relative minnow in the banking world.
This slip-up is tarnishing to their management, but the main side-effect is that it makes them a prime acquisition target.