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To put things in perspective, merely the difference in assets held between the #1 largest bank in the US (J.P. Morgan Chase, $3.2 Trillion) and the #2 largest b
by justin66 4y ago
To put things in perspective, merely the difference in assets held between the #1 largest bank in the US (J.P. Morgan Chase, $3.2 Trillion) and the #2 largest bank in the US (BofA, $2.4 Trillion) is something like four times the total assets of SVB at its peak.
The question is why one of those banks, or Citigroup or whoever, would take on SVB's accounts if they weren't legally compelled to. SVB's financials probably aren't great and they cater to a customer base whose superpower appears to be well-coordinated bank runs.