Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management
South State Correspondent
MARCH 13, 2023
On the liability side of SVB’s $173B in deposits at the end of 2022, approximately 97% were uninsured and above the $250k in FDIC protection threshold. The customer segment is such that they tend to follow each other and are active users of social media. That combination made their liabilities very sensitive to safety.
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