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FDIC probably will not put in anything: there are sufficient assets to cover the insured amount. The SVB name is worth something. If FDIC can liquidate assets
by mlyle 4y ago
FDIC probably will not put in anything: there are sufficient assets to cover the insured amount.
The SVB name is worth something. If FDIC can liquidate assets and pay 90 cents on the dollar for deposits, a bank who will acquire and give 95-100 cents on the dollar is better for everyone.
- kgwgk 4y ago> The SVB name is worth something. Brand awareness has definitely increased a lot this week.
- mlyle 4y agoTouche ;) It would be more accurate to say, the expertise and relationships that come with SVB, and the access to the market that SVB served... are worth something. Even if all of these are damaged.