
What Silicon Valley Bank’s collapse means for Canada
The Decibel
00:00
Can You Move Money in a Few Clicks?
Timothy Stanley: How do clients know that other clients are pulling their money out of the bank? He says Silicon Valley Bank wasn't really like a retail bank for me and you. It's a bank for companies, so when deposits started to move they were all talking to each other. In those situations, it makes fear spread way more quickly he says.
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