News for hackers. Stuff that matters.
Re:SVB shows that there are few libertarians in a financial ... by tyre on Monday March 13, 2023 @05:30PM (#35143068)
> No. SVB hid market to market losses by saying "these securities are held to maturity so I don't have to realize losses".

It did not hide them. This was in their financial statements (https://s201.q4cdn.com/589201576/files/doc_financials/2022/q... at page 15):

> Held-to-maturity securities, at amortized cost and net of allowance for credit losses of $6, $6 and $7 (fair value of $76,169, $77,370 and $97,227), respectively

> December 31, 2022 | September 30, 2022 | December 31, 2021

> 91,321 93,286 98,195

This shows that they had assets on 12/31/22 with an amortized value of $91bn and a fair value of $76bn

There are no comments on this comment yet.