The Implosion of Silicon Valley Bank Raises Concerns and Opportunities.
TL;DR Summary
Silicon Valley Bank was a "hedge fund in drag" that went long on mortgage backed securities because they knew their earnings from tech companies would have a bad year, according to banking consultant Chris Whalen. The Federal Deposit Insurance Corp. is reportedly moving towards breaking up the failed lender after being unable to find a suitor for the entire company.
Topics:business#banking#federal-deposit-insurance-corp#finance#hedge-fund#mortgage-backed-securities#silicon-valley-bank
- Silicon Valley Bank was a hedge fund `in drag,' consultant says Seeking Alpha
- Silicon Valley Bank collapse concerns founders of color Yahoo News
- When trouble hit, Silicon Valley Bank had to sell US government bonds at a loss. NPR
- Catch Up on the Bank Crisis as Markets Take the Weekend Off Bloomberg
- Nick Hedley | Why the Silicon Valley Bank implosion could provide relief to SA | Business News24
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
73%
223 → 60 words
Want the full story? Read the original article
Read on Seeking Alpha