The bank had already been dinged for improper reserve levels months back.. It is likely that the bank was unable to unwind it's investments fast enough to keep up with the withdrawals... (Just Checked back: they had something like 98 Billion locked up in investments with a 6.5 year maturity in which they were already down 16 Billion at the close of 2022 as a result of rising interest rates plus another 2.3 Billion loss on their short term holdings. The sixteen billion loss would likely have resolved it self as the long term investments (bonds) were paying out about 3Billion a quarter so by 2029 they would have been alright.) Perhaps investments in Big Tech were underwater and the bank could not afford to take the loss??? The investors who recommended that their portfolio companies move their money accentuated the problem... I am curious as to how many of the 37,4xx out non insured (>250,000) account holders (per close of 2022 data) got their money out..... The deposits over the insured level represented something like 159 Billion of 176 Billion in total deposits..

The bank had already been dinged for improper reserve levels months back.. It is likely that the bank was unable to unwind it's investments fast enough to keep up with the withdrawals... Perhaps investments in Big Tech were underwater and the bank could not afford to take the loss??? The investors who recommended that their portfolio companies move their money accentuated the problem... I am curious as to how many of the 37,4xx out non insured (>250,000) account holders (per close of 2022 data) got their money out..... The deposits over the insured level represented something like 159 Billion of 176 Billion in total deposits..