$SIVB's HTM securities had mark-to-market losses as of Q3 of $15.9 b...compared to just $11.5 b of tangible common equity!!
— Raging Capital Ventures (@RagingVentures) January 18, 2023
Luckily, regulators do not force $SIVB to mark HTM securities to market. But the bank would be functionally underwater if it were liquidated today. 5/10 pic.twitter.com/WoM5789o4X