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Comment by piva00 | Hacker News Reader
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piva00
·
One is still standing, the other seems to be insolvent.
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subroutine
·
Indeed, SVB is still standing while JP Morgan Chase got a $25 billion dollar bailout in 2008.
https://money.cnn.com/news/specials/storysupplement/bankbail...
wpietri
·
And they are also so good at due diligence that they got scammed for $175 million:
https://www.forbes.com/sites/alexandralevine/2023/01/11/jp-m...
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