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That solution seems possible. One one hand, end of December, they self-assessed that they had $209.0B in assets and $175.4B in deposits. Enough to pay everyone
by nuclearnice3 4y ago
That solution seems possible.
One one hand, end of December, they self-assessed that they had $209.0B in assets and $175.4B in deposits. Enough to pay everyone. [1]
On the other hand, they've suffered some losses. The regulator that closed them explicitly called them out as insolvent. [2] Possibly sloppy language, possibly they have relevant recent information.
I expect we know by Sunday night.
[1] https://www.fdic.gov/news/press-releases/2023/pr23016.html https://www.fdic.gov/news/press-releases/2023/pr23016.html
[2] https://www.cbsnews.com/news/silicon-valley-bank-sivb-stock-fdic-cbs-explains/ https://www.cbsnews.com/news/silicon-valley-bank-sivb-stock-...