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Not a disaster, but seems conspicuous. Looks like there is a connection between Signature and SVB and First Republic had a big exposure to SVB. So their risk ex
by YeBanKo 4y ago
Not a disaster, but seems conspicuous. Looks like there is a connection between Signature and SVB and First Republic had a big exposure to SVB. So their risk exposure to a single entity such as SVB was pretty high for a pension fund.
- fifilura 4y agoOf course, they made a mistake. I think what they did was invest too heavily in up&coming banks rather than traditional banks. With the rationale that their technology was more modern.