Silicon Valley Bank has collapsed. This is the second largest bank failure in US history and the largest since 2008. This was the immediate result of a bank run in which $42 Billion of deposits was withdrawn in one day. Full analysis here: #SIBV #SVB #SiliconValleyBank #Shorts... ( read more )
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On October 29, 2021, Silicon Valley Bank (SVB), one of the largest and most well-known financial institutions in Silicon Valley, announced that it was filing for bankruptcy. This news came as a shock to many, as SVB had been regarded as a stable and trustworthy bank for many years. However, it appears that the bank had been hit hard by recent economic challenges, such as rising interest rates and a slowdown in the tech industry. SVB, which was founded in 1983, had become a major player in the bankin...
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