SVB Securities Management Exploring Buying Firm Back

Re:SVB Securities Management Exploring Buying Firm Back by startupsfail on Sunday March 12, 2023 @05:08AM (#35118166)

There are these $40b dollars that were transferred from the bank during bank run? Can maybe the the VCs responsible for the bunk run step in and pitch in 5% from that to fund the payroll?

[ Parent | on HN ]

Re:SVB Securities Management Exploring Buying Firm Back by JumpCrisscross on Sunday March 12, 2023 @06:49AM (#35118612)

SVB claims are trading around 60¢ on the dollar. Nobody should be more than a few days delayed on near-term payroll.

[ Parent | on HN ]

Re:SVB Securities Management Exploring Buying Firm Back by johnbellone on Sunday March 12, 2023 @08:46AM (#35119438)

Are uninsured deposits going to only receive 60¢ on the dollar?

[ Parent | on HN ]

Re:SVB Securities Management Exploring Buying Firm Back by dmurray on Sunday March 12, 2023 @09:26AM (#35119795)

The smart money (the people buying at 60c) presumably expects them to receive quite a bit more. Those selling at 60c are generally doing so because they are desperate for the cashflow. Likely the number will go up as more cautious/less nimble entities are able to evaluate the trade and decide they can buy the claims at a higher price.

I'd bet on 80%+ probability of uninsured depositors getting back 100c on the dollar, 99% they get back at least 60c on the dollar.

[ Parent | on HN ]

Re:SVB Securities Management Exploring Buying Firm Back by kasey_junk on Sunday March 12, 2023 @11:16AM (#35121030)

During IndyMac, widely considered the worst bank failure in the fdic regime, uninsured depositors eventually got back over 85% of their deposits.

They had 50% in hand the week after the receivership.

[ Parent | on HN ]

Re:SVB Securities Management Exploring Buying Firm Back by HWR_14 on Sunday March 12, 2023 @09:21AM (#35119749)

How can I buy those claims? While I certainly don't think it's 100%, I also thinks the redemption will be higher than 60%

[ Parent | on HN ]