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by newsclues
1203 days ago
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Seems like much of the SVB customer base doesn't have a/much choice with who will provide banking for them at the early stage. Seems like the reason for acquiring this risking market would be to transition your the clients who succeed into the parent bank for their future banking needs. Sure you will get a bunch of small/medium sized clients for a mega bank, but they are just fishing for a couple giant paydays and want the next Apple or Amazon to start banking with them. |
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