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A comment on Ask HN: What US bank post-SVB would you recommend?. Parent comment

Re:Ask HN: What US bank post-SVB would you recommend? by biztos on Sunday March 12, 2023 @07:51AM (#35119048)
What does “placing assets” mean here?

If I walk in to Citi and say “I have ten million bucks and will need to withdraw them half a million per month” are they really not going to take my deposit?

I get that they might not want to loan me money, but the SVB problem everyone’s worried about is losing their deposits, or do I have that wrong?

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Re:Ask HN: What US bank post-SVB would you recommend? by oefrha on Sunday March 12, 2023 @07:55AM (#35119074)
> If I walk in to Citi and say “I have ten million bucks and will need to withdraw them half a million per month” are they really not going to take my deposit?

They will take your deposit, and the banker will even get a nice fat bonus for bringing in big cash deposits (well maybe not a fat one for a meager $10m). Gp doesn’t know what they’re talking about.

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