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A comment on Ask HN: How is the SVB situation affecting your startup?. Parent comment

Re:Ask HN: How is the SVB situation affecting your startup? by orangepurple on Friday March 10, 2023 @10:10AM (#35095260)
One of the biggest banks in the world failed to account for a capital management risk scenario where interest rates go up? Insane
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Re:Ask HN: How is the SVB situation affecting your startup? by blitzar on Friday March 10, 2023 @10:36AM (#35095704)
Practically every single bond - which banks effectively have to buy and hold for regulatory reasons - has reduced in mark-to-market value every single day the last 2 years.

Personally I think they are nuts for having (reportedly) such a long average duration of bonds in their portfolio, but they were also paying a pretty decent interest rate on savings to their customers - that money has to come from somewhere.

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Re:Ask HN: How is the SVB situation affecting your startup? by lotsofpulp on Friday March 10, 2023 @10:33AM (#35095647)
Silicon Valley Bank was nowhere near one of the biggest banks in the world.

https://en.wikipedia.org/wiki/List_of_largest_banks

Not even amongst the largest banks in the US:

https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U...

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Re:Ask HN: How is the SVB situation affecting your startup? by bgentry on Friday March 10, 2023 @11:24AM (#35096508)
They're #18 on the US list you linked, I saw other articles saying they were #16 so it probably just depends on the date assets were measured.
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Re:Ask HN: How is the SVB situation affecting your startup? by morelisp on Friday March 10, 2023 @11:52AM (#35096992)
The falloff is extremely rapid. They're closer in both an absolute and relative sense to the 40th than even the 10th.
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