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4min chapter
Are More Bank Runs Coming? The Collapse of Silicon Valley Bank
Money For the Rest of Us
The Leverage Ratio for Silicon Valley Bank
The short-term interest rate, the Federal Reserve's policy rate, had gone from 0.08% in February 2022 to 4.6% as of February 2023. The FDIC Chairman Martin Gruenberg pointed out at the Institute of International Bankers on March 6, 2023, just a few days before SBV tried to raise additional capital. He said across the banking system in the U.S., there was $620 billion of unrealized losses on those bonds,. including $20 billion that SBV financial had.
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