
The Death of Silicon Valley Bank
Finshots Daily
00:00
SVB's Collapse Could Scare Everyone
The US regulator had to step in. It took over the bank. Now there are two questions on everyone's mind. Number one will startups collapse? This is a little tricky to answer. We don't know yet how bad things could be. How did the Roth spread to other banks? Probably not. But just like how the collapse of Silvergate played a part in bringing down SVB, SVB's collapse could scare everyone. If people lose trust in their banks and believe that all banks have poor practices, then bad stuff will happen. They could rush to pull their money out of the system. Until then, fingers crossed.
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