My understanding is that SVB has a strong asset portfolio, more than enough to make the depositors whole. The problem was they didn't have enough short term liquidity / cash on hand. Something like this. It seems that it isn't a bailout with taxpayer money, so to speak.
My understanding is that SVB has a strong asset portfolio, more than enough to make the depositors whole. The problem was they didn't have enough short term liquidity / cash on hand. Something like this. It seems that it isn't a bailout with taxpayer money, so to speak.
Let's hope that is the case. 1st I heard of them just out of liquidity. If I'm using the term correctly.