<story><title>Swedish pension giant loses $1.1B from US banks’ collapse</title><url>https://www.thelocal.se/20230313/swedish-pension-giant-loses-12-billion-kronor-from-us-banks-collapse</url></story><parent_chain><item><author>Analemma_</author><text>I mean, that&amp;#x27;s worse. The depositors at SVB are being made whole, the shareholders are getting wiped out.&lt;p&gt;EDIT: I think a lot of people misunderstood me. Wiping out the shareholders was absolutely the correct thing to do; I just meant worse from the perspective of people whose value is in the equity.</text></item><item><author>tom-thistime</author><text>According to the article, the pension fund&amp;#x27;s exposure is because it owns shares of stock in SVB. That&amp;#x27;s bad, but bank stocks can be tricky. They&amp;#x27;re not saying they lost money as a depositor.</text></item></parent_chain><comment><author>Arrath</author><text>Worse as far as the outcome for the Pension, yes.&lt;p&gt;But its a concept otherwise known as Risk.</text></comment>
<story><title>Swedish pension giant loses $1.1B from US banks’ collapse</title><url>https://www.thelocal.se/20230313/swedish-pension-giant-loses-12-billion-kronor-from-us-banks-collapse</url></story><parent_chain><item><author>Analemma_</author><text>I mean, that&amp;#x27;s worse. The depositors at SVB are being made whole, the shareholders are getting wiped out.&lt;p&gt;EDIT: I think a lot of people misunderstood me. Wiping out the shareholders was absolutely the correct thing to do; I just meant worse from the perspective of people whose value is in the equity.</text></item><item><author>tom-thistime</author><text>According to the article, the pension fund&amp;#x27;s exposure is because it owns shares of stock in SVB. That&amp;#x27;s bad, but bank stocks can be tricky. They&amp;#x27;re not saying they lost money as a depositor.</text></item></parent_chain><comment><author>tptacek</author><text>It&amp;#x27;s better in the sense that equity getting wiped out is normal and would be something Alecta planned for the possibility of.</text></comment>