Who Killed Silicon Valley Bank?

destriero said:
Their DV01 basis the 5Y was $70MM. 70MM. Seder is smart but he's out of his depth.
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they often are on financials but saw a few good points on ethics....(no refunds for 250k+ mainstreet randos, sweetheart individual deals for comp. accounts, lack of 250k+ protections/insurance by avg Joe that'd typically be blasted by media, etc..)
 
Tester tells Fed to ‘claw back’ bonuses from Silicon Valley Bank execs
https://thehill.com/homenews/senate...-back-bonuses-from-silicon-valley-bank-execs/

Sen. Jon Tester (D-Mon.) called on the Federal Reserve and federal regulators to “claw back” bonuses that were reportedly paid to Silicon Valley Bank executives just hours before the federal government took over the now-defunct bank.

“I’m calling on the (Federal Deposit Insurance Corporation) FDIC to use every tool at their disposal to claw back reported bonuses given out to the Bank’s leadership,” Tester said in a letter to Fed Chairman Jerome Powell and FDIC Chairman Martin Gruenberg. “Bank executives cashing out on their own failures is completely unacceptable, and I’ll take on anyone to stop it from happening.”

(More at above url)
 
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