Howdy everyone. Geoff here (creator of this list). I'm currently sitting at a pizza joint going through SEC reports. Would appreciate it if others could pitch in/send over pull-requests if you have capacity. <3
Some of the tweets of founders affected by this are horrifying.<p><a href="https://twitter.com/lcmichaelides/status/1634654751479541760" rel="nofollow">https://twitter.com/lcmichaelides/status/1634654751479541760</a><p><a href="https://twitter.com/torrenegra/status/1634573234187407369" rel="nofollow">https://twitter.com/torrenegra/status/1634573234187407369</a>
I want to see a database of banks that are the least solvent (when considering mark-to-market losses) and have the largest portions of their deposits uninsured by the FDIC.<p>Have to know which ones are going to have bank runs next so one can pull out money before everyone else does.
If you sift through <a href="https://www.sec.gov/edgar/search/#/q=SVB&dateRange=custom&category=custom&startdt=2020-03-01&enddt=2023-03-12&forms=8-K" rel="nofollow">https://www.sec.gov/edgar/search/#/q=SVB&dateRange=custom&ca...</a>, you can get a decent sense for which companies had loan, banking, or other arrangements with SVB.<p>(There's a bit of noise from companies that have "SVB" in their name, and some entries from SVB itself. Also, many of these recent filings simply say something to the effect of "we don't use SVB and aren't materially affected". Still, someone with more time / inclination than myself could crawl / process that to build a much larger database here...)
I remember these folk <a href="https://en.m.wikipedia.org/wiki/Fucked_Company" rel="nofollow">https://en.m.wikipedia.org/wiki/Fucked_Company</a> from the 2001 situation ("round 1")
Originally posted to Twitter[1] after seeing @ghuntley's post - below is a method of building a database of SVB account holders using a cleverly crafted Google query:<p>(121140399 OR 121145145 OR SVBKUS6S) AND 33**** filetype:xls | pdf | doc | txt -site:svb.com<p>The query[2] pulls back documents containing an SVB routing or swift number + SVB account number.<p>The name of the business tied to the SVB account number is usually within 100 characters of the account number and typically labeled "beneficiary" or "for credit of" (or some close variation on those themes).<p>In edge cases where a company name is not found near the account number, the account holder is often the source/author of the document[3].<p>Google only returns 1000 results for any given query - so retrieving the entire results set would require narrowing each query's scope and then iterating through the targets at a finer granularity.<p>For example, the current query looks for account numbers matching 33****. Replacing that with 33*NN**, where NN is 01-99 would let you iterate through ranges of account numbers (33*01**, 33*02**, and so on...).<p>Other approaches include geographically scoping the queries by adding "AND NJ" to queries (and iterating through each two-byte state code) or tacking on partial zip codes, etc...<p>It takes tweaking - but the goal is to build a query with elements that you can loop over to get your results into buckets of < 1000. Another option would be to use the
Bing Web Search API and paging through the json response.<p>These methods might complement the work you've already done on affectedbysvbornot.com - and help provide a more exhaustive list of companies impacted by the SVB collapse.<p>1: <a href="https://twitter.com/thegrif/status/1634841498876272641" rel="nofollow">https://twitter.com/thegrif/status/1634841498876272641</a><p>2: <a href="https://bit.ly/svb-account-holders" rel="nofollow">https://bit.ly/svb-account-holders</a><p>3: <a href="http://bit.ly/svb-invoice-example" rel="nofollow">http://bit.ly/svb-invoice-example</a>
is it a correct understanding that svb actually has troves of money, but it's locked down in bonds noone wants because of their low return value ( yet unless the US treasury bankrupts, they will never default) ?<p>It seems like a very specific situation quite far from 2008...<p>why isn't the banling sector simply lending the cash for daily operations, while SVB sorts the situation ?
It's much better than loosing everything in a systemic crash.