2min chapter

Planet Money cover image

Inside a bank run

Planet Money

CHAPTER

The SVB Spirale

The timeline of the Silicon Valley Bank run is equal parts fuzzy and precise. Maybe it was SVB's announcement that they liquidated a bunch of their assets on Wednesday, March 8th, or maybe it was one tech insider, Peter Thiel's Investment Fund, advising its companies to pull their money from the bank. What we know for sure is that by the time markets opened at 9.30 a.m. on Thursday, the bank's stock was dropping.

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