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The US banking system on life support
Business Daily
Silicon Valley Bank's Asset Liability Mismatch
The velocity of that bank withdrawal was really unprecedented. The fastest bank run in the United States prior to that had been $18 billion leaving a bank over the course of a month. We were successful in getting customers to realize that they did not need to withdraw those deposits. What did you think about the management of SVP? If your question is, what did I think about the people I was working with? I thought they were very talented and dedicated.
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