SVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says
- Short seller Martin began tweeting about risks in January
- Suspicions about loans drew him in; he found something else
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The problems that triggered SVB Financial Group Inc.’s death spiral were hiding in plain sight in the firm’s earnings reports.
That’s according to short seller William C. Martin, who warned his Twitter followers about the balance-sheet issues for almost two months before the parent of Silicon Valley Bank blew up in the blink of an eye this week.