87: SVB's Risky Bailout and The Bank Run “Domino Effect”
On The Market
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The Impact of Rising Interest Rates on Silicon Valley Bank
Silicon Valley Bank saw a huge spike in deposits during the pandemic. Since interest rates have been going up, their deposits have gone down. The other thing that impacts this is that because these startups were getting less money and their stocks are getting hammered,. it means that these startups were burning through their cash faster than expected.
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