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by nwatson 1197 days ago
Isn't there goodwill value left over because of relationships and institutional knowledge, even after SVB is stripped of assets and after debt is accounted for? Might some larger bank retain that operation and return some value to taxpayers?
3 comments

Their liabilities are greater than their assets, there is no equity value left. Someone can acquire them for $1 if they want to assume their liabilities.
Goodwill is the difference in value between the assets of a company and the price an acquirer paid for a that company
Not sure how much goodwill is left, given that a big herd of depositors left on thursday. But there's probably some. If you kept continuity with a more diversified client base, that's probably enough for many customers to stay.