Behind the Silicon Valley Bank Collapse
Bloomberg Law
00:00
Silicon Valley Bank - The Bank for Silicon Valley
Silicon Valley Bank was, in essence, the bank for Silicon Valley. In early 2021 and 2022, there was just a huge boom, and so they managed to ride this boom. But then when we get the recent slowdown in the economy, startups faced a much more endure environment. They had to sell some of these bonds as venture capital funding slowed down.
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