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Until your depositors want 25% of all the deposits your bank holds in less than 24 hours. For all of the missteps SVB made, there isn’t a bank on the planet th
by brewdad 4y ago
Until your depositors want 25% of all the deposits your bank holds in less than 24 hours.
For all of the missteps SVB made, there isn’t a bank on the planet that can survive that.
- cudgy 4y agoDid you forget? There is a reason that all depositors would want their money in 24 hours … they realized that the bank was mismanaged and overly exposed to the interest rate risk, and they were only insured for $250k.