New York Employees Mugged by SVB Bonds
Posted on 05/09/2023
New York City employees, including local teachers, police officers, and firefighters, lost US$ 27.9 million due to the collapse of Silicon Valley Bank. Five of the city’s pension funds were found to have a total of US$ 41,867,214 invested in the bank earlier in 2023. In total US$ 14 million was recovered. The Teachers Retirement…
