4 ms·
Right, so they aren’t guaranteed to get the money back, but SVB had large assets (likely enough to cover all deposits).
by nimbleplum40 4y ago
Right, so they aren’t guaranteed to get the money back, but SVB had large assets (likely enough to cover all deposits).
- qbasic_forever 4y agoThose assets are year old long term bonds that have to be sold at a loss now (since interest rates are way up and brand new bonds pay better than these older ones).