14 Mar 2023 10:22 pm
you dont like pullout that is why you aidsTrumprules » 14 Mar 2023, 10:20 pm » wrote: ↑ Did these programs cause SVB’s collapse?
There’s no evidence that SVB’s sustainable investing or diversity initiatives contributed to its collapse.
Experts have instead pointed to a perfect storm of SVB’s significant holdings in U.S. Treasurys and the Federal Reserve’s interest rate hikes. As the Fed raised interest rates, SVB’s bond holdings became less valuable, and the bank sold Treasurys and mortgage-backed securities at a $1.8 billion loss. The disclosure sparked panic, with depositors pulling $42 billion from the bank on Thursday