> Hold-to-maturity assets are not required to mark to market, for example. This is irrelevant in a scenario where every client wants to withdraw their money, b

> Hold-to-maturity assets are not required to mark to market, for example. This is irrelevant in a scenario where every client wants to withdraw their money, because the only way SVB can fulfill that is by selling their HTM assets at the current market price, which will be at a heft discount compared to where they bought them.