[cm2187]

Deposits from financials are treated as disappearing at the first opportunity from a regulatory point of view. Corporate deposits are considered volatile but less volatile. So the behaviour we have seen isn’t entirely unexpected.

It seems SVB has VC deposits and corporate deposits from startups that were effectively controlled by VC and behaved like financials in term of deposit outflows.

[pas]

what does financials mean in this? can you explain this term, please?

[cm2187]

Financial institution, so any bank, insurance company or institutional investor.

[nullc]

"non-suckers"