3 ms·
Yeah but you have a lot of companies who money is stuck with SVB. Not one of them decided to check out a financial statement for the company holding their money
by impulser_ 4y ago
Yeah but you have a lot of companies who money is stuck with SVB. Not one of them decided to check out a financial statement for the company holding their money.
I checked out their financial statements and they are pretty incredible.
They grew their HTM portfolio from ~10b to ~100b in two years. Then you had the Fed come out and say hey we are increasing rates and we aren't going to stop.
No one at these companies well like hey maybe this will become a problem and we should protect our cash.
Roku had 25% cash at this bank. Why?