I was speaking to my Charles Schwab representative about the news that_s flying about.
They owe 130% of their total equity capital to short-duration FHLB loans that have to be paid back soon and currently Hold to Maturity losses are 197%.
Also, I told him the UK you are only protected up to £85k, and he goes "OMG" and starts laughing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I was speaking to my Charles Schwab representative about the news that_s flying about.
They owe 130% of their total equity capital to short-duration FHLB loans that have to be paid back soon and currently Hold to Maturity losses are 197%.
Also, I told him the UK you are only protected up to £85k, and he goes "OMG" and starts laughing.