"The KEY TAKEAWAY here is that SVB’s bank run was an IDIOSYNCRATIC event due to their highly unique client base — mostly institutional clients in the beleaguered Tech sector with accounts far >$250k FDIC insurance threshold."
Personally not familiar with the banking sector. Do majority of banks hedge their HTM portfolio and SVB was an exception or this is not common practice to begin with?
TL;DR on SVB Financial in <1,800 words (BULLET POINTS!)
Personally not familiar with the banking sector. Do majority of banks hedge their HTM portfolio and SVB was an exception or this is not common practice to begin with?