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All the numbers in the chart have a decimal point in the wrong place. Washington Mutual had $307bn in assets[1] (not $30.7bn), SVB had $209bn[2] (not $20.9bn),
by xeeeeeeeeeeenu 4y ago
All the numbers in the chart have a decimal point in the wrong place. Washington Mutual had $307bn in assets[1] (not $30.7bn), SVB had $209bn[2] (not $20.9bn), etc.
[1] - https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html https://www.fdic.gov/resources/resolutions/bank-failures/fai...
[2] - https://www.fdic.gov/news/press-releases/2023/pr23016.html https://www.fdic.gov/news/press-releases/2023/pr23016.html
- pranshum 4y agoOP here, you're right! Argh, this is embarrassing. Thanks for spotting this, fixed now.