4 ms·
What you are saying reported by FDIC as 211B vs 195B was December 31st IIRC And it appears that wasn't market to market Since then they have had $40B in withd
by shawabawa3 4y ago
What you are saying reported by FDIC as 211B vs 195B was December 31st IIRC
And it appears that wasn't market to market
Since then they have had $40B in withdrawals causing them to sell all liquid assets at a loss and not being able to furnish withdrawals
The California regulator has explicitly stated they are insolvent: https://dfpi.ca.gov/2023/03/10/california-financial-regulator-takes-possession-of-silicon-valley-bank/ https://dfpi.ca.gov/2023/03/10/california-financial-regulato...