[Mozzafiato]

At the end of last year, SVB had more than $175 billion in deposits — and $209 billion in total assets. Unless that filing was a fraud, the bank is illiquid but not insolvent.

$42 billion in deposits were drained on Thursday during the bank run

[devere]

Yes, that removed all the bank’s cash, but an equal amount of assets and liabilities. It didn’t make SVB insolvent if the remaining assets are worth at least as much as the remaining liabilities. It’s basic accounting.