Bloomberg Tax
March 14, 2023, 8:57 PM

SVB’s Billions in ‘Hidden’ Asset Losses Reopen Accounting Debate

Nicola M. White
Nicola M. White

Experienced analysts combing through the financial statements of now-collapsed Silicon Valley Bank could have told that a chunk of the bank’s assets was underwater, if they had dug deeply enough to figure it out.

Billions of dollars of unrealized losses on a portfolio of securities the bank planned to hold for years, until they reached full maturity, would have been more transparent if US accounting rules required the assets to be measured at fair value, the CFA Institute said Tuesday. The institute, a prominent investor advocacy group, called on US accounting rulemakers to reopen a contentious debate on that ...