4 ms·
Assuming of course clients don't fucking pull out the moment they can when svb uk reopens.
by noobermin 4y ago
Assuming of course clients don't fucking pull out the moment they can when svb uk reopens.
- naijaboiler 4y agoUm "client assets" are liabilities to a bank
- deleted 4y ago[deleted]
- actionablefiber 4y agoIf you had deposits with SVB's UK arm before, congrats, you're now an HSBC customer. There is a much lower chance HSBC experiences a bank run. Not to jinx it but the most likely outcome is that most customers are satisfied that HSBC is a well-capitalized bank and keep their money there, while HSBC gets to use their deposits and the bank's assets to sit comfy earning yield.