4 ms·
> reserves So likely 0?
by curiousgal 4y ago
> reserves
So likely 0?
- lkbm 4y agoThe thing that caused this was the news that they have at least $3.3B in reserves. SVB uninsured deposits aren't dropping to zero, or anywhere close.
- im3w1l 4y agoThe article mentions that only 3.3B out of 40B of reserves were in SVB in the first place. I'm not too well-read on the SVB situation but some of those 3.3B may additionally be recovered.