Re:Emergency credit line for SVB customers
by nimbleplum40 on Friday March 10, 2023 @09:31PM
(#35104508)
Right, so they aren’t guaranteed to get the money back, but SVB had large assets (likely enough to cover all deposits).
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Re:Emergency credit line for SVB customers
by qbasic_forever on Friday March 10, 2023 @10:06PM
(#35104765)
Those assets are year old long term bonds that have to be sold at a loss now (since interest rates are way up and brand new bonds pay better than these older ones).