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The company is unlikely to lose all but $250,000 as SVB (reportedly)still has plenty of assets it’s just some of the bonds they hold are under water due to inte
by youngtaff 4y ago
The company is unlikely to lose all but $250,000 as SVB (reportedly)still has plenty of assets it’s just some of the bonds they hold are under water due to interest rate rises
You should question why $5mn was kept in a normal bank (with an unusual customer profile) rather than being placed in money market funds etc., or why the company didn’t insure the funds above $250,000