He's obviously not suggesting that, considering how he goes on to say "when liquidated, SVB has the assets to pay off 95 percent of deposits."
There's clear procedures for bankruptcy and equity holders would be on the bottom of the capital stack while depositors would be on the top.
He's obviously not suggesting that, considering how he goes on to say "when liquidated, SVB has the assets to pay off 95 percent of deposits."
There's clear procedures for bankruptcy and equity holders would be on the bottom of the capital stack while depositors would be on the top.