2min chapter

Money For the Rest of Us cover image

Are More Bank Runs Coming? The Collapse of Silicon Valley Bank

Money For the Rest of Us

CHAPTER

Silicon Valley Bank

Some venture capitalists, after seeing that announcement, buy SVB their need to raise equity capital on March 8th. They started telling their clients to pull deposits from the bank. Many did. The Federal Deposit Insurance Corporation seized Silicon Valley bank before it opened Friday morning. It was the second biggest bank failure in US history, second only to Washington Mutual's collapse in 2008.

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