Is the Silicon Valley Bank's Failure Another "Canary in the Coal Mine"?
March 12, 2023 at 00:50 AM EST
SVB had $91.3B in securities classified as “held to maturity” on its year-end balance sheet. In a footnote the bank reported the value of those securities as $15.1B below their balance-sheet value. Total equity? $16.3B. See the problem?
