Upon Further Analysis — Archives
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WHAT HAPPENED WITH SILICON VALLEY BANK?
On March 10, 2023, Silicon Valley Bank (SVB) was declared insolvent and taken over the by the FDIC. With total assets of $209 billion and total deposits of $175 billion, this was the largest bank to fail since 2008 and the second largest bank failure of all time. No doubt there will be multiple post-mortems,…
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Unbelievable
Tall tales from well-known people are not uncommon. What’s notable is that some of these literally unbelievable stories are accepted without question.
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Why This Blog?
First, a bit about me. I’m a former bank examiner who spent over 35 years in banking regulation from the Federal Home Loan Bank to the Office of Thrift Supervision (OTS), and finally to the Office of the Comptroller of the Currency (OCC). I’ve supervised banks with asset sizes from less than $10 million to…