{"id":573333,"date":"2023-03-09T18:34:10","date_gmt":"2023-03-09T23:34:10","guid":{"rendered":"https:\/\/goldtadise.com\/?p=573333"},"modified":"2023-03-09T18:34:10","modified_gmt":"2023-03-09T23:34:10","slug":"sivb-more-details-emerging","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=573333","title":{"rendered":"SIVB more details emerging"},"content":{"rendered":"<p>Never heard of this research firm before &#8230; but boy even if half of this is correct, the implications could be unsettling.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24SIVB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SIVB<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SIVBP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SIVBP<\/a><\/p>\n<p>You can see $15.1 billion of unrealized losses on the HTM vs. $1.3 at 2021.  This is all MBS and its toasted more now than at 12\/31\/22.  Average yield on this book is a mere ~190 bps.  They can&#39;t sell this.  They are frozen. <a href=\"https:\/\/t.co\/3XMxtZ3ecV\">pic.twitter.com\/3XMxtZ3ecV<\/a><\/p>\n<p>&mdash; Lake Cornelia Research Management (@CorneliaLake) <a href=\"https:\/\/twitter.com\/CorneliaLake\/status\/1633895374652833792?ref_src=twsrc%5Etfw\">March 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24SIVB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SIVB<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SIVBP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SIVBP<\/a><\/p>\n<p>This is a sickening movie to watch.  The two cardinal sins with the bank &quot;rescue&quot; financing are:<br \/>(1) Launching without a baked and fully committed deal<br \/>(2) Not raising enough to obviously answer the market questions and failing to decisively take balance sheet risk\u2026 <a href=\"https:\/\/t.co\/SGs30brK8V\">https:\/\/t.co\/SGs30brK8V<\/a><\/p>\n<p>&mdash; Lake Cornelia Research Management (@CorneliaLake) <a href=\"https:\/\/twitter.com\/CorneliaLake\/status\/1633917173155373061?ref_src=twsrc%5Etfw\">March 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24SIVB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SIVB<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SIVBP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SIVBP<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$QQQ<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ARKK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ARKK<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24RILY&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$RILY<\/a><\/p>\n<p>The market implications of this situation are far and wide.  We have a $210+ billion balance sheet (which was a mere 86 billion 2 years ago) that could well have an unwind.  It is not a stretch at all to argue that on a current mark to market basis\u2026 <a href=\"https:\/\/t.co\/HpWdwjNP2t\">pic.twitter.com\/HpWdwjNP2t<\/a><\/p>\n<p>&mdash; Lake Cornelia Research Management (@CorneliaLake) <a href=\"https:\/\/twitter.com\/CorneliaLake\/status\/1633886003684360215?ref_src=twsrc%5Etfw\">March 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>GL<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Never heard of this research firm before &#8230; but boy even if half of this is correct, the implications could be unsettling. $SIVB $SIVBP You can see $15.1 billion of unrealized losses on the HTM vs. $1.3 at 2021. This &hellip; <a href=\"https:\/\/goldtadise.com\/?p=573333\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2882,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-573333","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/573333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2882"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=573333"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/573333\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=573333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=573333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=573333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}