the bank was failing before the run
Discussion
really? seems like it had a mark to market problem similar to every other bank and definitely illiquid but not insolvent
without the run none of this would have occurred. so again, why the run? https://www.zerohedge.com/markets/record-bank-run-drained-quarter-or-42-billion-svbs-deposits-hours-leaving-it-negative-1bn
but they sold treasuries to cover withdrawals already taking place. who needed cash that bad to start the need to sell treasuries
from what I understand, and I'm just a pleb, the treasuries had a massive loss in value because interest rates changed and no one wanted them anymore
so VC's that had normal cash flow needs asked for more money than was available at the time