SVB’s Loans To ‘Insiders’ Exploded Ahead Of Its Collapse

By now, we’ve all seen the losses that SVB faced on its unhedged book of Treasuries and MBS. We’ve all read about the gargantuan deposit run that occurred on the eve of its demise. We’ve all scratched the back of our heads at the percentage (and size) of uninsured depositors that were bailed out by […] Source