Does this mean $SIVB stock holders who had $265 shares two days ago now have worthless shares? JFC no wonder bank stocks are priced so low compared to earnings... You're just hoping the dividends pay out enough before the inevitable implosion.
In the FDIC priority list, stockholders are dead last, depositors first. If the depositors take any kind of haircut, I'd guess stockholders will end up with exactly zero.
The depositors, creditors, employees etc. all have to be paid first. I would be surprised if they can even do that, much less have anything left over for stockholders
