4 ms·
If the lesson you want corporate depositors to learn is that in the United States, any dollar beyond 250K in an account can evaporate overnight, than be prepare
by nasseri 4y ago
If the lesson you want corporate depositors to learn is that in the United States, any dollar beyond 250K in an account can evaporate overnight, than be prepared for a lot more bank runs in the immediate future.
- prepend 4y agoThe lesson is to mitigate this risk with insurance, account structures and other things. I think the lesson is also don’t bank with banks doing shady, dumb things. And that’s a valuable lesson that people with over $250k should already know and not need to be taught.
- JamesBarney 4y agoWhat did SVB do that was shady and dumb?
- deleted 4y ago[deleted]
- JamesBarney 4y agoLooked into it further, they didn't really do anything shady, but they did fail to hedge their interest rate risk with swaps, which is dumb.
- deleted 4y ago[deleted]