Dickson: SVB's $15B mark-to-market gap exceeded its Q4 market cap
Kris Dickson · Jackie Reses & Kris Dickson: What Happened with SVB? Are VCs to Blame? | E988 · 20VC with Harry Stebbings · Mar 13, 2023 · at 4:21
Kris Dickson, CFO of Lead Bank, breaks down the unrecorded portfolio losses on Silicon Valley Bank's balance sheet.
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“At the end of 22, they reported ninety-one billion dollars of held to maturity securities, with the actual value of seventy-six billion. That 15, fifteen billion dollar gap Was bigger than their market cap for most of the fourth quarter.”
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