SVB: Early lessons for all financial institutions from Silicon Valley Bank’s failure
Abrigo
MARCH 13, 2023
Looking back to the Great Recession, I recall the banks that made Jumbo Alt-A mortgages that woke up one morning to the realization that their one conduit to sell these loans (Countrywide Mortgage) was now gone, and they were then stuck holding loans that ballooned the total assets of the bank. Boy, did that impact capital ratios.
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