I heard that SVB lobbied for reduced regulations and for the last 8 months they didn't have anyone in charge of risk assessment.US banks' assets worth $2TRILLION less than their accounts say: Study
The shortfall is made up of 'unrealized losses' like those which triggered the collapse of Silicon Valley Bank, a study suggests.www.dailymail.co.uk
- The shortfall is due to 'unrealized losses' like those which triggered the collapse of Silicon Valley Bank
- A run on the banks would leave customers at nearly 200 institutions facing losses of up to $300 billion
- The paper suggests 'recent declines in bank asset values very significantly increased the fragility of the US banking system'