Join the club. It is intentionally being made confusing because they want to do it, but have limited options right now. Note HSBC bought SVB this morning for 1 British pound an assumption of all liabilities. One could regard this as a private sector bailout with FDIC backstop.
Join the club. It is intentionally being made confusing because they want to do it, but have limited options right now. Note HSBC bought SVB this morning for 1 British pound an assumption of all liabilities. One could regard this as a private sector bailout with FDIC backstop.