The FDIC has taken over all the assets and transferred it into a new entity. It will then liquidate all assets, not just deposits of Silicon Valley Bank in order to pay off depositors and creditors. As an investor, if you own Silicon Valley bank stock, you very likely could be wiped out. The last people in line for a situation of getting paid right here are the shareholders.
The recent collapse of Silicon Valley Bank exposed some major cracks in the way that banks have been doing business, and the upheaval is sending shockwaves far beyond the tech sector.
Unwise decisions from leadership compounded by market uncertainty and rising interest rates is certainly a recipe for disaster. How can we analyze these and other warning signs, like an over-reliance on a volatile tech sector, to anticipate and avoid future losses?
Join Phil and Danielle for a postmortem of SVB and a discussion of how its failure could impact value investors.
If you need help identifying warning signs of impending crashes, download your free copy of Your Ultimate Stock Market Crash Survival Guide: https://bit.ly/3YLope0
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