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The SVB bank failure, explained.
Tangle
The SVB Bank Run - What Caused It?
SVB had about $200 billion in assets compared to JP Morgan Chase, which has $3.31 trillion of assets. In a single day, about $42 billion of that $200billion in assets was withdrawn. SVB's very homogeneous set of clients was a major contributor to the panic but was not the only source of its financial vulnerability. Since bank failures can often be contagious, these failures prompted the US government to step in and ensure all depositors could get their cash back.
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