Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: zeestephen

Uh??? SVB failed because they had to sell those bonds early at a loss of 0.75 on the dollar. Did you miss that part?


13 posted on 03/23/2023 4:50:55 AM PDT by EBH (America Blackmailed, The True Story of the World War...Coming Soon)
[ Post Reply | Private Reply | To 8 | View Replies ]


To: EBH
SVB lost 8.5% ($1.8 billion) on the fire sale of a $21 billion bond portfolio.

From memory, the loss was roughly 1% of total deposits.

The bank reported a $1.5 billion profit in 2022 to the SEC, just six weeks before the collapse.

We have ZERO public information about ANY non-performing loans at SBV.

If the SVB loan portfolio is sound, then, the bank was destroyed by panicked depositors.

15 posted on 03/23/2023 5:10:25 AM PDT by zeestephen (43,000)
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson