Was Silicon Valley Bank Really Unique, And Who Is Next

Tyler Durden's Photo
by Tyler Durden
Saturday, Mar 11, 2023 - 05:20 PM

Now that Silicon Valley Bank, or SVB, has been liquidated in a shockingly short time (it was almost $300 just earlier this week), the post-mortems can begin, starting with the most important question, one which we discussed extensively earlier: is SVB unique or are its problems about to spread to other banks.

Perhaps the most unique feature of SIVB, as we touched upon earlier, is the bank's securities exposure: of the bank's total $212 billion in assets, $120 billion are securities (of which most or $57.7BN are Held to Maturity (HTM) Mortgage Backed Securities and another $10.5BN are CMO, while $26BN are Available for Sale with $16BN in TSYs).