Some long-dated Tresuries would be valued at more than a 16% discount. The value of the loans will depend greatly on the severity of the ongoing tech downturn. There probably has been further deterioration in the loan portfolio since the last reported asset number.
SVB was regulated by the CA Department of Financial Protection and Innovation. Enough said.
CEO Becker was immediately removed as a director of the SF Fed. He represented large banks in the district.
SVB was regulated by the CA Department of Financial Protection and Innovation. Enough said.
CEO Becker was immediately removed as a director of the SF Fed. He represented large banks in the district.