Re:How deep is the rot in America’s banking industry?
by SkyMarshal on Thursday March 16, 2023 @02:01PM
(#35185712)
It’s probably a reference to reports of some SVB execs selling their stocks in the weeks before the failure.
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Re:How deep is the rot in America’s banking industry?
by basseq on Thursday March 16, 2023 @02:09PM
(#35185862)
Ah, likely. Though it doesn't seem like there's any evidence yet on insider trading or execs fully cashing out. They got lucky liquidating some single-digit % of their holdings, but still likely lost most. A 95% loss is better than a 100% loss, but still not "making out like a bandit".