3 ms·
Over the long term SVB may have a positive net value, but unlocking that is likely to require short term cash injections to meet current liabilities (not to men
by NoboruWataya 4y ago
Over the long term SVB may have a positive net value, but unlocking that is likely to require short term cash injections to meet current liabilities (not to mention restaffing/integrating the bank). Those costs are the real price that HSBC is paying for SVB.
- jpgvm 4y agoWorth mentioning that HSBC recently announced an absolutely banging quarter and are in a great position to take advantage of this situation. This is pretty much the old Berkshire playbook, buy distressed assets at giant discounts.