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It's all in the annual sec filings. At the end of 2022 94% of SVB's deposits were uninsured. For typical large banks it's between 40-50%. Silicon Valley is all
by nabla9 4y ago
It's all in the annual sec filings. At the end of 2022 94% of SVB's deposits were uninsured. For typical large banks it's between 40-50%.
Silicon Valley is all about high risk, high reward. Saying that something is wrong when risk is realized is cognitive error. SVB took risk. Bank run happened when customers wanted to reduce risk.
High ups and deep downs is the part of the business.