[NoboruWataya]

Over the long term SVB may have a positive net value, but unlocking that is likely to require short term cash injections to meet current liabilities (not to mention restaffing/integrating the bank). Those costs are the real price that HSBC is paying for SVB.

[jpgvm]

Worth mentioning that HSBC recently announced an absolutely banging quarter and are in a great position to take advantage of this situation.

This is pretty much the old Berkshire playbook, buy distressed assets at giant discounts.