A nice chunk ($60B) of the loan book is still w the FDIC ready to get sold off separately. Should be interesting to watch where that lands.

strengthening and diversification of our liquidity position.

If businesses lose money on deposit, then every business in the country will move all cash above $250K into Treasuries and we’ll have a system-wide bank run at Twitter speed.

They’ll tell their banker, “the only counterparty I want is the US Treasury.”

In the wake of a failure like the SVB collapse, diversifying your funds can help to protect your assets and ensure that your investments are not overly concentrated in any one particular asset or institution. This can reduce the risk of losing a large portion of your portfolio due to the failure of a single investment or financial institution.

I guess this looks like America. Stanford is Bay Area and Bay Area primarily non white people.