3 ms·
So why did investors have to loose big time on a 1.8B loss when the bank had 16B in assets? Seems like SVB was scarified
by aussiedude 4y ago
So why did investors have to loose big time on a 1.8B loss when the bank had 16B in assets?
Seems like SVB was scarified
- tommiegannert 4y agoNY Times alleges that the Fed had been telling SVB about the reserve issues since 2021. It sounds like SVB was a poorly run bank. When it came down, I'm sure a bunch of people said "told you so," but there was ample time to correct before then. https://www.smh.com.au/business/banking-and-finance/before-collapse-of-silicon-valley-bank-the-fed-spotted-big-problems-20230320-p5ctgy.html https://www.smh.com.au/business/banking-and-finance/before-c...