Day: March 15, 2023
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Silicon Valley Bank, Swedish edition
The downfall of Silicon Valley Bank was driven by the bank buying long-dated bonds that lost value when interest rates increased. At least ons Swedish bank has done a similar ‘trade’, lost 81 billion SEK and will have to ask its owner for an equity capital injection. Which bank? Riksbanken (the Swedish central bank) that…
Henrik Torstensson's Weblog 