2 ms·
BusinessInsider[1] has a different view: >About 37,000 customers accounted for nearly $157 billion or 74% of the bank's assets with an average account size of
by waboremo 4y ago
BusinessInsider[1] has a different view:
>About 37,000 customers accounted for nearly $157 billion or 74% of the bank's assets with an average account size of over $4 million
So it seems the opposite is almost true, because the accounts are valued so high with generally more flexible account holders, they're able to move swiftly
[1]: https://www.businessinsider.com/how-silicon-valley-bank-imploded-2023-3 https://www.businessinsider.com/how-silicon-valley-bank-impl...
- giaour 4y agoGP is talking about the majority of accounts, and the number you cite is a percentage of funds. If 98 people have an account with $1 in it and one person has an account with $102, then 51% of the bank's assets are in accounts > $100, and the vast majority of accounts have $1.
- waboremo 4y agoWhat makes you think the majority of accounts would operate that way? Seems ridiculous considering it's SVB, not your average bank.
- giaour 4y agoI would expect larger accounts to make the percentage of deposits in accounts with > $250K to be higher than the percentage of accounts with > $250K because that's how numbers work.
- ericmay 4y agoAverage or median?