SVB Crisis Explained
by Brian Wang from NextBigFuture.com on (#69S32)
The SVB situation is explained by Jay Singh, Former Goldman Sachs Manager of billion dollar funds and founder of Specialist Research. Tom Nash is interviewing Jay Singh. The CEO of Silicon Valley Bank bought $90 billion of ten-year securities. They did not offset the long-duration interest risk. They did not have interest rate hedges. When ...