[mlyle]

> The bankruptcy was only made public Friday, but they've been working on it for longer than that.

Not much longer. It's only Thursday's run that tipped SVB into insolvency.

[FireBeyond]

> It's only Thursday's run that tipped SVB into insolvency.

What triggers in their holdings do you think started the run?

[mlyle]

I think we understand that differing mark-to-market rules between GAAP and banking regulations were important here.