Administration Balance Sheet Business Administration Manager 
UVA Darden
MARCH 20, 2023
To repay customers for the deposits, SVB used up all its cash reserves and then had to start selling some of the long-dated assets on its balance sheet to cover the withdrawals. Q: Were the takeovers the result of systemic weaknesses, poor management or panicked investors? Bruner: Management heads up the rogue’s gallery.
UVA Darden
MARCH 20, 2023
To repay customers for the deposits, SVB used up all its cash reserves and then had to start selling some of the long-dated assets on its balance sheet to cover the withdrawals. Q: Were the takeovers the result of systemic weaknesses, poor management or panicked investors? Bruner: Management heads up the rogue’s gallery.
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