4 ms·
There is good chance that ~30% of deposits above 250k vanished. SVB really screwed up on trades. With equity at zero or close to zero, there is no backstop. Net
by dfadsadsf 4y ago
There is good chance that ~30% of deposits above 250k vanished. SVB really screwed up on trades. With equity at zero or close to zero, there is no backstop. Net present value of 2% securities that SVB loaded on is way below par.
- WalterSear 4y agoAh, that's different. I understood it to be ~$2 billion out of ~$200+ billion, not $60+ billion in losses. EDIT - Do you have a the $60+ billion figure? All I am seeing is a $2 billion dollar shortfall.