3 ms·
The bank failed. It's worth $0 now.
by csomar 4y ago
The bank failed. It's worth $0 now.
- fnordpiglet 4y agoThat’s just false. Being unable to secure liquidity to pay depositors doesn’t make you worthy $0. The bank failed to honor its charter and is rechartered under a FDIC controlled bank. But SVB is not gone, nor is it worth $0.