The Death of Silicon Valley Bank
Finshots Daily
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Introduction
Silicon Valley Bank has been around since 1983. The bank was hit by a perfect storm in 2023 when interest rates were cut to all time lows. This meant that venture capital money rushed into startups by the boatload. SVB's deposits soared three times, from $62 billion to $190 billion. Out of the roughly $115 billion they invested, nearly $80 billion was into things that would make them even more money. But if you try to earn higher returns, it comes packaged with more risk.
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