Why are they on the verge of collapse now?
Discussion
fear of a bank run precipitates a bankrun and i guess their books resembled those of SVB i.e. bonds that pay out 1.5% in a 4.5% prime interest rate market.
fear of a bank run precipitates a bankrun and i guess their books resembled those of SVB i.e. bonds that pay out 1.5% in a 4.5% prime interest rate market.