4 ms·
You can see some comparative data in this thread [0] (the author is also worth a follow). It looks like SVB was mostly an outlier but there are a few other bank
by chatmasta 4y ago
You can see some comparative data in this thread [0] (the author is also worth a follow). It looks like SVB was mostly an outlier but there are a few other banks with possibly similar issues.
My understanding is that the FED also announced they will loan money to banks that need to cover a shortfall due to haircuts to bond values caused by rate hikes, but that's just according to a tweet [1] from Thomas Massie an hour ago. I don't know the details of that arrangement.
[0] https://twitter.com/GRDecter/status/1634208659407351812 https://twitter.com/GRDecter/status/1634208659407351812
[1] https://twitter.com/RepThomasMassie/status/1635316221108449280 https://twitter.com/RepThomasMassie/status/16353162211084492...
- disgruntledphd2 4y ago> My understanding is that the FED also announced they will loan money to banks that need to cover a shortfall due to haircuts to bond values caused by rate hikes, but that's just according to a tweet [1] from Thomas Massie an hour ago. I don't know the details of that arrangement. This was covered by a statement yesterday I think, as I read it in the FT this morning (on GMT).