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Banking confidence shaken after series of failures | Learn English expression 'herd mentality'
Plain English
The Liquidity Crisis of Silicon Valley Bank
The banks that failed in March 2023 had liquidity crises. Instead of making loans, Silicon Valley Bank took their deposits and bought a lot of long-term U.S. Treasury bonds. If you have to sell a bond before it matures, you won't get all your money back. In the second half of the lesson, we'll talk about the English expression, herd mentality.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode