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16th Largest Bank - Silicon Valley Bank (SVB) rapidly collapsed! Lessons to be learnt!!
#Investing in share & bond market by Banks #CollapseOfSiliconValleyBank
Little known to the general public, SVB specialized in financing start-ups and
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#Investing in share & bond market by Banks #CollapseOfSiliconValleyBank
Little known to the general public, SVB specialized in financing start-ups and
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had become the 16th largest US bank by assets: at the end of 2022, it had $209 billion in assets and approximately $175.4 billion in deposits.
On Friday, March 10, the bank was shut down by US regulators and its assets were seized.
#CollapseOfSiliconValleyBank
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On Friday, March 10, the bank was shut down by US regulators and its assets were seized.
#CollapseOfSiliconValleyBank
2/5
Its demise represents not only the largest bank failure since Washington Mutual in 2008, but also the second largest failure ever for a retail bank in the United States.
The surprisingly rapid collapse of SVB has left markets rattled.
#CollapseOfSiliconValleyBank
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The surprisingly rapid collapse of SVB has left markets rattled.
#CollapseOfSiliconValleyBank
3/5
