3 ms·

Would not the prices of their office buildings/leases be worth this alone, given they will be all in major financial hubs? Do they actually have any liquidity?

• NotYourLawyer 4y ago
  You’re just looking at assets. Don’t forget liabilities.
  • samstave 4y ago
    And all the laundering/corruption they have been hiding. God, this world has so many corrupt companies in it.
  • tezza 4y ago
    And liabilities which may manifest in weird and expensive ways. Like the London Whale (£3Bn??) for JP Morgan and countless other examples
• arkad 4y ago
  It's funny how this is a common fallacy. I thought exactly the same when Barings Bank was sold for one British Pound back in 1995 [1]. [1] - https://www.investopedia.com/terms/b/baringsbank.asp https://www.investopedia.com/terms/b/baringsbank.asp
• kgwgk 4y ago
  They are not buying the buildings alone. They are buying loads of debt as well - and other assets which may or may not be enough to cover the debts.
  • Ekaros 4y ago
    And unlike SVB, they are actually one of the players in derivative market. And whatever goes on there. And multipliers in there are big compared to their value as company.