Submitted by Substantial-Pass-992 t3_123e3l4 in news
SamurottX t1_jdv3r6e wrote
Reply to comment by MajesticWaterBuffalo in First Citizens Bank to purchase assets of Silicon Valley Bank by Substantial-Pass-992
Yes, it was mainly a short term liquidity problem. So as long as the purchasing bank has the ability to cover things in the short term, then it's all good. There's still a risk that things hit the fan, but a larger bank would be able to weather a larger run on their deposits.
[deleted] t1_jdywtvc wrote
[removed]
Viewing a single comment thread. View all comments