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TheManInTheShack t1_jcm1n3l wrote

Reply to comment by CC-5576-03 in SVB blames remote work for bank failure by Loud_Adagio2222

What most don’t seem to understand is that SVB had plenty of assets. They just didn’t have enough cash on hand and foolishly pre-announced a cash raise which caused the investor to pull out and then a run on the bank.

The reason the US Government is willing to guarantee all depositors is because they know they can find a buyer.

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dastardly740 t1_jcmrwm1 wrote

They also appeared to have a significant proportion of their deposits effectively controlled by one person where that individual telling all his portfolio companies to withdraw there deposits was enough to eat up the banks liquidity.

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